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GMS update on China ship breaking industry for WEEK 48

Steel News - Published on Tue, 30 Nov 2010

With very few candidates upon which to bid, Chinese buyers were left clutching at thin air for another week of inactivity.

As India and Pakistan continue to pay the big money and vet more uncertainty surrounds the Bangladesh market, China has had to watch from the sidelines as the majority of the market tonnage has eluded them.

It may be a quieter end to the year than many had anticipated for Chinese buyers although smaller general cargo units have been quietly finding their way to local buyers (due to the logistics and expenses to bring them over to India) and it may take a cooling in competing markets before China is once again competitive on price.

(Sourced from GMS Weekly)

Posted By : admin on Tue, 30 Nov 2010
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