India Emerges as World’s Top Ship Recycling Nation Ahead of Maritime India Vision 2030 Target

India’s Ship Recycling Market Surges Amid Rising Steel Demand

Wirana Shipping has observed a positive shift in India’s ship recycling market, fueled by rising steel demand. Recent reports indicate increasing steel prices, with local plate prices up by $4/MT. While Bangladesh’s market struggles with sluggish demand and financing issues, optimism in India suggests potential for improved recycler prices ahead.

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