India stood out as the firmer ship recycling market in reports carried by Hellenic Shipping News, with stronger sentiment at Alang contrasting with subdued demand in Pakistan and largely stable conditions in Turkey. Shipbroker Intermodal said Indian steel prices had risen, while a shortage of available vessels continued to restrict fresh recycling activity across several destinations.
At Alang, waterfront work was being supported by ships bought in earlier weeks rather than a steady flow of new candidates, according to Intermodal. The broker linked the local currency’s appreciation against the dollar to recent Reserve Bank of India interest and repo rate interventions. Although steel prices moved higher, it described recent fluctuations as suggesting a period of price adjustment. Intermodal also said possible sanctions relief for certain tankers could bring additional recycling candidates to market and improve conditions for recyclers in the coming weeks.
Bangladesh continued to show strong appetite for tonnage despite limited availability. Local steel plate prices increased, and Intermodal reported one bulker sale during the week. Its broader assessment nevertheless placed Bangladesh, Pakistan and Turkey at the previous week’s market indications, with India alone showing stronger sentiment.
Pakistan presented a weaker picture. Best Oasis, in a separate report cited by Hellenic Shipping News, said buying interest had eased partly because some purchasers had recently taken delivery of vessels. It reported a substantial fall in local ship plate and scrap offtake, with scrap and wire rod prices dropping by approximately $25–30 per tonne in dollar terms. Best Oasis attributed the weakness primarily to an influx of Iranian goods. Intermodal likewise identified Iranian steel imports as a source of pressure on Gadani recyclers, although its assessment put local steel prices broadly steady, slightly below the preceding week.
In Turkey, Best Oasis reported an approximately $9-per-tonne weekly decline in import prices but little change in vessel values or local recycling conditions. Intermodal said steel demand at Aliaga had softened slightly and the lira had weakened further against the dollar. With recycling candidates still scarce, the broker reported no fresh sales, leaving the market steady despite softer signals from steel prices and demand.