Tag: recycling market trends
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South Asia: Ship-breaking tonnage doubles in Oct’24; India leading recycler
Influx of affordable Chinese steel intensifies competition India’s ship-breaking market witnesses massive surge in activity The South Asian ship-breaking sector witnessed a near-doubling of activity in October 2024,with India, Pakistan, and Bangladesh collectively dismantling 189,537 light displacement tonnes (LDT) – a staggering more than 150% jump from September’s 84,318 LDT. Despite this sharp m-o-m growth,…