Bangladesh failed really to deliver on the hope that they could once
again return to the offering in the Indian sub continent and prop up the
market.
Levels remain remarkably soft despite several buyers returning to the
table once again, following their period on the sidelines when most yards were
stuffed.
Therefore, it was hardly surprising to see no market sales for the week,
with China snaring any available tonnage positioned in the East back their way.
For the larger units on offer there are one or two open buyers but for
smaller there may even be no offers forthcoming in what is becoming an
increasingly choosy and difficult market.
Source: Steel Guru. 20 November 2012
http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_46/292241.html
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