Author: Rounak Gairarey
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Demand for scrapped ships lifts Alang offers by $20/LT
Ship breaking offers in the Indian market increased this week as steel scrap demand accelerated tracking a rally in domestic steel prices. Imported ship breaking offers increased by $20/LT in India at around $325/LT for Tankers, $335/LT for Containers & $315/LT for Dry Bulk, according to Steelmint analysis. Alang-based buyers bagged a majority of PCTCs…