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GMS Market Commentary on Shipbreaking in Pakistan in Week07 - TERMINAL LULL!

Steel News - Published on Tue, 19 Feb 2019

Image Source: SteelGuru
Despite the positivity displayed in competing Indian and Bangladeshi markets, Pakistan remains stranded in a near terminal lull, with muted fundamentals and minimal demand that has resultantly seen the domestic ship-recycling sector grind to a near perfect standstill. Port reports remain virtually empty and there is little hope of that changing any time soon, given that prices are the lowest in the sub-continent and that too by a decent margin.

Even with Bangladesh filling up, there is little hope of Pakistan stepping into the action, unless a noteworthy improvement in fundamentals and sentiments is forthcoming.

GMS Weekly

Source :

Posted By : Rabi Wangkhem on Tue, 19 Feb 2019
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