Tag: recycling yard sentiment
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South Asian ship recycling markets remain cautious amid limited vessel availability
Firm Gadani plate prices support Pakistan market Limited vessel availability restricts regional recycling activity Sub-continent ship recycling markets remained cautious in Week 21 amid narrowing pre-monsoon activity, limited vessel availability, and volatile currency movements. While Pakistan and Bangladesh maintained relatively stable sentiment, weaker rupee conditions and softer plate prices continued pressuring the Indian market. India:…