Author: Romil Sethi
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South Asia: Supply shortage lifts ship-breaking import prices w-o-w
Ship-breaking import prices rose by up to $25/LDT, in India, Bangladesh and Pakistan respectively. All the major recycling destinations are currently facing massive currency devaluation, yet the offer prices saw a hike due to a paucity of tonnage in the recycling market. Scrap out of stock at Indian yards Steel prices in India were on…