Author: Rounak Gairarey
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South Asia: Ship breaking trades improve at firm offers
Ship breaking prices in South Asian markets have remained stable, however trade activities improved amid increased tonnages. India SteelMint’s weekly price assessment of Alang stood at around $350/LT for containers, $320/LT for Dry bulk and $340/LT for Tanker. The Indian Rupee against the US dollar stood near about INR 73.5. Demand for ship breaking scrap…