Ship Recycling Global Market Report | May 10th 2022

10 May 2022

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Subcontinent markets have taken a turn for the worse this week as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh and Turkey have led to weaker sentiment and virtually no new offers on any available tonnage. Are the fundamentals changing or will normal record-high service be resumed when Bangladeshi breakers are back from their break?