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GMS update on Shipbreaking in China in Week 51 - NEW DAWN!

Steel News - Published on Thu, 28 Dec 2017

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A silent end to the year in the Chinese ship recycling industry brings with it, perhaps a new dawn where facilities are closed and even government owned Chinese flagged vessels head to sub-continent shores, as state subsidies come to an end next year.

One or two of the major / larger facilities (in Xinhui and Shanghai region) will most likely remain open and retain their licenses. However, their price offerings are not likely to be competitive with the Indian sub-continent or even Turkey, as has evidently been the case for a majority of this year.

It will be a shame to see China end 2017nthe way it has, in what has been a highly necessary and useful industry over the past decade at least, even staging a run (at some points) higher than the Indian sub-continent markets!

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Posted By : Nanda Koijam on Thu, 28 Dec 2017
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