Author: Aditi Raj

Alang, the world’s one of the largest ship breaking yards, is currently facing sharp decline in ship breaking prices amidst low-priced prime steel from China and dwindling demand. In the month of Oct’15, ship breaking prices fell by INR 1,000-1,200/MT M-o-M in domestic market. While, global scrap prices fell by USD 15/MT in the same…