Latest news on China Shipbreaking Scrap markets

South Asian ship recycling markets continue to grapple with economic headwinds in New Year

Alang market remains resilient amid challenges. Pakistan market shows potential after World Bank loan.

Global ship recycling tonnage falls 12% y-o-y in H1CY'24

The global ship-breaking market remained in deep waters in the first six months of 2024. Total tonnage sunk 12% to 1.07 million light displacement tonnage (LDT) compared to 1.21 million LDT recorded in the same period of 2023.

South Asia: Ship breaking tonnage down by 15% m-o-m in Jun

In June 2024, the South Asian ship-breaking sector experienced a decrease in tonnage received. India, Pakistan, and Bangladesh collectively processed 174,390 LDT, marking a 15% decrease from 206,032 LDT recorded in May. Annually, the tonnage declined by 7% compared to 188,035 LDT in June of the prev

Global ship recycling tonnage dips 14% in Jan-Oct

Bangladesh rides IMF loan to procure tonnage. Indian demand drops as electric furnaces feel demand heat. Pakistan's economic crisis limits procurement. Short-term outlook on tonnage, prices mixed.

South Asia: Ship breaking prices remain stable w-o-w

South Asia's imported ship-breaking prices continue to remain stable. Over the past few weeks, the market has remained stable while tonnage levels have remained exceptionally low, as per GMS report.

Global ship recycling tonnage drops 25% y-o-y in Q1CY23

India strives to complete with Bangladesh. Bangladesh's demand seesaws, Pakistan remains mute. Demand may revive post-Eid.

Global ship recycling tonnage falls by half in 2022

Bangladesh, Pakistan see steepest decline in volumes. Currency volatility keeps buyers away. Turkey quake may impact volumes this year. Indian shipbreakers seen opting for greener methods.

India surpasses Bangladesh to become top ship recycler in 2022

Global ship recycling volumes drop around 50% y-o-y. LC a key issue stalling ship-breaking in Bangladesh. India, Pakistan, Bangladesh contributes over 90% of world ship recycling.

Taiwan Feng Hsin holds rebar, scrap prices for 3rd week

Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and procurement prices for locally-sourced scrap for the third week over June 6-10 to monitor the market movement, a company official confirmed on June 7.

Taiwan Feng Hsin's rebar, scrap prices keep stable

Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung, central Taiwan, has decided to hold its rebar list prices and procurement prices for locally-sourced scrap for the second week over May 30-June 2, a company official confirmed on Tuesday.