- India drives Jul’25 scrap import surge
- Bangladesh struggles amid subdued sentiments
South Asia’s ship-breaking markets showed mixed momentum last week. India continued to lead activity, supported by LNG arrivals and strong HKC yard capacity, while Pakistan held firm on steady fundamentals. Bangladesh, however, remained weighed down by weak steel demand and monsoon disruptions.
South Asia’s ferrous scrap imports surged in July, rising 92% m-o-m to 270,826 LDT from 140,851 LDT in June. The number of ships dismantled across the region also increased, with 23 vessels recycled in July compared with 14 in June.
India’s Alang leads with LNG arrivals
Alang remained the most active recycling hub last week despite volatility in fundamentals. Steel plate prices fluctuated but settled around $600/t, while the rupee weakened aginst USD. Supported by strong LNG carrier arrivals and widespread HKC-certified yard capacity, keeping it ahead of regional competition , ensured steady inflows. Alang secured about 42,000 LDT last week.
For July overall, India’s ferrous scrap imports more than doubled to 145,768 LDT from 66,117 LDT in June, marking a sharp 120% rise. The number of ships dismantled also increased to 12 units from 7 the month before.
Paksitan’s Gadani sustains momentum with HKC progress
Gadani showed steady progress, with steel plate prices holding firm at $615/t and the PKR strengthening to against USD. The market also benefited from provisional DASR certificates granted to yards moving toward HKC compliance, keeping activity afloat during the monsoon. Last week, Gadani received about 10,700 LDT.
In July, Pakistan’s ferrous scrap imports rose 16% m-o-m to 23,879 LDT, while ship recycling increased slightly, with 3 vessels dismantled versus 2 in June.
Bangladesh’s Chattogram lags behind
Chattogram remained the weakest recycling hub last week, hit by heavy rains, sluggish demand, and tariff pressures. Activity limited to a single tanker arrival as steel plate prices fell by USD 2/t to around USD 575/t, while labor shortages delayed recycling operations. The port received about 13,600 LDT last week, down from 35,000 LDT earlier.
For July, however, imports rose 87% m-o-m to 101,179 t, and recycling activity improved with 8 ships dismantled compared with 5 in June. Despite these gains, only 12 HKC-certified yards remain active, limiting competitiveness.
Tonnage received last week
Gadani Port received 10,689 LDT compared to 15,761 LDT in the previous week.
Alang Port received 42,797 LDT, compared with 107,218 LDT in the previous week.
Chattogram Port received 13,606 LDT, compared with 35,077 LDT in the previous week.
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