Chinese prices remained
marooned some USD 200 per LT LDT from their sub-continent competitors, their
lowest levels for some years now.
Indeed, as the lowest
placed international recycling market (below even Turkey and other South East
Asian scrap yards), it was no surprise to see another bleak week pass by on the
sales board.
The export of cheap
Chinese billets is still causing some concern across sub-continent markets in
particular and until measures are taken to tax these imports, the international
ship recycling sector may remain in the doldrums for some time yet.
Source: steel guru. 3
December 2014
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