Tag: Alang steel plate prices
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South Asian ship recycling markets struggle amid global instability, financial turmoil
The South Asian ship-breaking market is currently facing significant challenges due to a combination of global instability and financial turmoil. Geopolitical conflicts, such as tensions in the Middle East, have caused widespread market volatility, which has directly impacted the ship-breaking industry. Financial instability, characterised by fluctuations in the US dollar and sharp declines in local…