With steel plate prices falling drastically, end
buyers this week have called a strike until August 30th and have resolved not
to sell anv of their steel stockpiles until some recovery in the resale price
of steel is forthcoming.
It has therefore been a very sluggish month in
Bangladesh for the most part. Even though cash buyers and ship owners want to
see some sort of encouragement on levels, there was unfortunately no positive
news to report in that regard as prices tailed off on dry units well below 380/LT
LDT again.
For that reason, there were no sales to speak of and
it mav be some time before activity picks up once again, in a market that has
dramatically slumped since the first half of this year.
Source:
steel guru. 20 August 2013
http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_33/322980.html
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