Author: Romil Sethi
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South Asia: Ship-breaking import prices fall in India as buyers turn cautious
The ship recycling market in South Asia remained dull for yet another week as both recyclers and end buyers were silent, waiting for clarity in prices. While import prices in India dropped by $5/light displacement tonnage (LDT), w-o-w, the same in Bangladesh and Pakistan remained unchanged. Sentiments in India soften Scrap prices remained volatile throughout…