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GMS Market Commentary on Shipbreaking in Turkey in Week 33 - THE STRUGGLE IS REAL!

Steel News - Published on Wed, 21 Aug 2019

Other than the addition of Eid Holidays resulting in the market staying closed for a greater part of the week there is virtually nothing new to report from Turkey this week. Local steel plate prices and the Turkish Lira remain virtually unchanged, local demand is prevalent, the supply of tonnage is invisible, and local yards remain harrowingly empty / struggling to stay open, all while the Indian subcontinent markets continue to slide.

Just how long this market will continue at this rate is anyone’s surprise, aside from the fact that local steel plate prices have continued to remain steady amidst a virtually non- existent supply of ship’s steel to the domestic steel mills.

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Posted By : Amom Remju on Wed, 21 Aug 2019
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