As
the Indian resurgence pushed on, Pakistan struggled to keep up with the prices
and activities of their neighbors. As a result no market sales were reported
this week.
Meanwhile,
a majority of the high profile purchases of the recent past have all but been
delivered to Pakistani buyers. Levels will certainly have to improve in the
coming week just to compete with India and many more vessels may shortly be
heading the way of India and Pakistan with China out of the running and
Bangladesh reaching capacity.
Source: Steel Guru. 22 August 2012
http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_33_2012/279688.html
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