Scant availability
of scrap tonnage continues to keep the Turkish market out of the headlines for
the most part. This dearth of vessels has driven desperate yards to venture out
and hunt for vessels on their own.
As a result, a lot
of the tonnage that has been arriving the shores of Aliaga of late, has been as
is deals concluded by the yards or undertow vessels that were too expensive to
deliver to the sub-continent markets.
Meanwhile, demand
for tonnage remains hot as ever, even though the Turkish Lira has been
gradually declining against the US Dollar over the course of last month. This
now poses its own challenges to the local buyers who have been offering firmer
levels for the few units on offer, while facing increasingly expensive vessels
in the process of doing so.
The present remains
a challenging time for the Turkish recycling market.
Source:
steel guru. 19 Aug 2014
No comments:
Post a Comment