Author: Romil Sethi
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South Asia: Imported shipbreaking prices fall to 1-year low on dull sentiments
The pressure of currency depreciation in all the major ship recycling hubs is making it difficult for recyclers to offer prices that meet buyers’ expectations. The recycling market has remained quiet for over a month, which has dragged prices down to one-year low: a similar price range was last seen in July 2021, SteelMint data…