Gadani buyers could only look on enviously to
the Indian and Bangladeshi markets as they missed out on the majority of the
market vessels vet again.
There are several Pakistan buyers open to
take tonnage again but are not perhaps ready to compete on the levels currently
on offer in India. The local fundamentals remain strong and we may see some further
market moves in the coming weeks as Gadani buyers look to secure their share of
the market post Eid holidays.
Source: Steel
Guru. 28 August 2012
http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Pakistan_ship_breaking_industry_for_WEEK_34_2012/280600.html
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