Tag: South Asia: Ship-breaking market faces diverging fortunes amid HKC shift and monsoon pressures

Seasonal slowdown weighs on recycling prices in Alang Regulatory changes boost market sentiment in Pakistan South Asia’s ship-breaking markets show mixed trends, with Alang leading HKC-compliant recycling despite monsoon pressure on steel market, Pakistan attuning to regulatory shifts, and Bangladesh struggling with low prices, weak demand, and costly HKC compliance slowing down operations at yards.…