Author: Romil Sethi
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South Asia: Shipbreaking import prices firm even in absence of fresh deals
End-users in the major ship recycling locations are waiting for clarity in domestic market trends and prices. The lack of units available for recycling has assured consistency in prices being offered by recyclers for securing tonnage amid weak sentiments in the ferrous scrap market. Shipbreaking import prices remained stable in India, Bangladesh and Pakistan w-o-w.…