Despite the optimism of last week that saw several
high priced, high LDT and high profile tankers tucked a wav into the Pakistan
market the nervousness that engulfed India this week showed signed of filtering
through to the shores of Gadani.
For that reason, lower number started emanating from
local recyclers in the hope of picking up a bargain or two and there were fears
throughout the market that just as India had fallen, so Pakistan could be set
for falls as well.
Now may hence be the time, for Gadani buyers to snare
a few units at decent prices as local currency and steel prices in Pakistan
remain stable compared to India. It will just take some confidence and
initiative from Gadani buyer to see that through.
Source: Steelguru. 12 February 2013
http://www.steelguru.com/middle_east_news/GMS_weekly_report_on_Chinese_ship_breaking_industry_for_WEEK_5/301412.html
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