01 January 2015

GMS weekly report on Turkey ship breaking industry for WEEK 52 of 2014:

It was rather a quite week for Turkish recyclers, in view of Christmas holidays being celebrated in most parts of the world.

Hardly any units were reportedly negotiated and overall there were no fundamental changes to (positively) affect the domestic recycling market. As such, the sentiment remains positive and end buyers are in a buying mood, especially for quality units.

Nonetheless, like the week of Christmas, the last week of December is expected to be quiet with most people getting ready to welcome the New Year.

Source: steel guru. 31 December 2014

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