Steel Plate Prices News

Ship recycling prices across key recycling destinations have remained broadly stable despite weaker conditions in steel markets, cautious buying and pressure on steel prices, Wirana Shipping’s latest market outlook report has shown.Ship recyclers are largely maintaining their prices even as demand for steel remains uneven and buyers remain selective. Prices offered by ship recyclers in India, Bangladesh and Turkey have continued at current levels, while Pakistan has emerged as…

The global ship recycling market is moving into a more difficult quarter, with rising costs, rising steel prices, possible slowdown in local steel demand, energy shortages and exchange risks. Even within the Indian sub-continent these parameters can have differing impacts. As of today, Bangladesh and Pakistan hold firmer ground in terms of prices offered for recycling candidates, according to vessel cash buyer Wirana Shipping’s latest market report.Wirana’s industry report points to a market that is becoming harder to read and harder to time.

As the world's ship recycling markets emerge from the Eid al-Fitr holidays, they do so into an environment that continues to generate more questions than answers, says cash buyer GMS.“The post-holiday reopening, always anticipated as a potential catalyst for pent-up activity, has instead delivered something more characteristic of the broader 2026 narrative: confusion. Steel plate prices played opposite roles in Pakistan and India this week, as Indian levels recorded an impressive jump while Pakistani levels continued to bleed, declining non-stop over the course of the last month now.

As oil started to climb, freight followed suit, continuing to feed the already rising global inflation picture, while the U.S. Dollar wore the crown jewel of the week, rising notably against all of the major international ship recycling markets, says cash buyer GMS. At the same time, local steel plate prices saw another volatile week across several recycling destinations as currency fluctuations and domestic demand influenced pricing levels across the Subcontinent.“Behind the broader market volatility lies a challenging reality: assets under pressure…

The chaos in the Middle East is leaving regional and international markets bracing for the inevitable whirlpool of global insanity that is about to suck the entire world into short-term (at the very least) tumult, reports cash buyer GMS.Oil was already on its way up during the week, but as the weekend came around, it spiked over 10%, jumping from around USD 63/barrel last week to nearly USD 71.90/barrel (at the time of writing). The Baltic Exchange was also on its way up (rising 1.1%) but remained comparatively subdued in comparison to oil futures…yet.The Cape…

The second week of February brought on a really confusing spin to the markets, with fundamentals across the board performing bizarrely (compared to last week’s performance), reports cash buyer GMS.“After a volatile beginning to the month, the Baltic Exchange Dry Index and even oil futures found steady ground this week, while even the U.S. Dollar firmed against all ship recycling nation currencies except India (ain’t that a switch), as did local steel plate prices, which also saw India slip the car into reverse and backpedal nearly all of its recent gains.”In an expanded view…

January 2026 joins the pages of history as being part of the ongoing misery for the global ship recycling world, but there were noteworthy surges to report this week, saysreports cash buyer GMS.“Across the board, for most of the major fundamentals, except sub-continent steel plate prices that have become the perennial party poopers of the recycling world of late, the momentum was definitely beyond noticeable,” says GMS. “The Baltic Exchange Dry Index, oil futures, and the U.S. Dollar collectively soared this week, creating ripples that would certainly be felt within the next four weeks.

Indian sub-continent ship recycling markets have been reflecting on what has been escalating on the international stage of late, reports cash buyer GMS. The company notes extremely turbulent effects emanating week after week from these markets — meaning it is becoming increasingly difficult to identify what price can be obtained for which type / LDT of unit and, most importantly, which buyer in which market would be willing to jump for the unit in question.“As we await January’s inflation figures from the various destinations…

The Baltic Exchange Dry Index halted a nine-session slide to mark a 2.3% U-turn, climbing to 1,567 points, reports cash buyer GMS. This was driven by gains across segments: Capes (up 2.3%), Panamax (up 4.3%), and the smaller segments adding four points by week’s end.“Notably, the overall benchmark index still finished the week down 7.2%. Oil too continued to trip on itself and stayed below the coveted USD 60/barrel mark despite a 0.4% increase, closing the week out at USD 59.44/barrel.“The U.S.

If 2026 continues as it has started, we are more than likely in for another roller-coaster year full of geopolitical risks, tensions, aggravations, and increasingly frequent shocks that could affect the shipping and ship recycling industries in numerous — and as yet untold — ways, says cash buyer GMS.Markets have reacted to recent Trump-related geopolitical news as they always do i.e. with chaos and volatility. “The Baltic Exchange reported another bleak week of declines for the fifth straight Friday…

Global economies delivered mixed signals as U.S. stocks maintained a steady decline over the tail-end of December, reports cash buyer GMS. China’s industrial growth slowed, and EU stocks reportedly surged.“The U.S. Dollar started the year off-balance against ship recycling currencies, shipowners started to rejoice as the Baltic Exchange Dry Index showed signs of a resurgence, oil continued to slip on its way to USD 60/barrel even though it climbed to USD 57.17/barrel this week…

“Inflation is on the rise again, plate prices are collapsing in the wrong places, all while the U.S. dollar continues to rummage through the wreckage of 2025 for whatever it can suck out of ship-recycling currencies and both freight rates and oil futures tumble in unison,” reports cash buyer GMS, “just within the span of week 50.”The Baltic Exchange Dry Index reportedly fell nearly 4%, down to its lowest level in nearly a month, dragged by capes that fell 5.6%. Panamax followed suit with a 2.1% drop…

December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points, all while oil barely moved the needle as it closed another week at region USD 59.70/barrel (expected to breach USD 60/barrel in the coming week) and inflation reported minor improvements…

Global market chaos continues post-Thanksgiving, reports cash buyer GMS. “Steel plate prices were the highlight of the entire sub-continent—and even China—where they unanimously retreated in unison this week, while the U.S. Dollar also decided to join in on the fun as it too retreated at all sub-continent locations (except—no surprise—Turkey).“Making matters worse are the rising freight markets that continue to surprise the industry, as the Baltic Exchange’s Dry Index climbed another 3.2% through the course of the week…

This has been a disastrous week for nearly all the key indicators tracked by cash buyer GMS, says the company, including the state of oil futures, freight rates, local steel plate prices, and disastrous currency devaluations (especially in India).“To start, oil found itself slipping rather shockingly as it fell to USD 57.68/barrel – a total drop of over 6% in the last month and over 16% lower than the same time last year," says GMS. “At the same time, governments in the U.S. continue…

Ship recycling market economies face an increasingly precariously future, reports cash buyer GMS.“While the Baltic Exchange Dry Index reported gains once again this week on the back of virtually all inclusive sub-sectors reporting improvements of their own through the week, oil futures on the other hand seem to be taking a beating after levels clocked the week out at USD 59.50/barrel after Ukraine successfully carried out a massive drone attack against Russia’s largest oil refinery located at Novorossiysk. The U.S.

Global markets seemed to take a breather this week as things turned slow across the board once again, not only on the shipping side but even the ship recycling side of things, reports cash buyer GMS.Currencies fluctuated in moderate tandem, local steel plate prices made surprisingly marginal moves, all while the Baltic Exchange Dry Index (BDI) slipped and oil steadied itself. The BDI reported a declining week that shaved off about 3.2% last week, dropping to its lowest levels since early October as the Cape index took the lead shaving off over 6% of its value…

In ship recycling, where even a day can make an incredible difference (the summer of circa 2006 when India lost about USD 100/Ton overnight due to a collapse in steel prices, for example), a week can certainly make a dramatic difference, says cash buyer GMS, especially given the turbulent nature of current times that global markets are enduring.“Going through the checklist of key economic factors affecting the state of global ship recycling today, while the world awaits inflation reports from India and the U.S.

“Global markets seem to be going through quite a disconnect of late as on the one hand, the last couple of months has seen a multitude of directions that stock markets, trading markets, charter rates, financial and FX markets, and even the ship recycling markets have been greeted by versions of unfolding realities that seem to conflict with what’s been transpiring at the bidding tables of late,” says cash buyer GMS.Various reports have been consistently confirming positive movements in dry / trading markets…

After what seemed like months of unstoppable volatility, a modicum of stability seemed to enter the global trading markets this week as oil climbed marginally (0.17%) before the week ended, yet this remains a near 1.4% drop just this month and a 10.8% overall decline from the same time last year, reports cash buyer GMS.“On the flip side, trading markets continue to edge on as they surged another 3.6% this week, but the Baltic Exchange Dry Index reported both Panamax and Supramax indices dipping nearly 2% and 3% respectively…

Escalatory and retaliatory moves kept key trading routes and markets on edge as freight rates propped up this week, with the Baltic Exchange Dry Index reporting a whopping 7.4% overall increase, reports cash buyer GMS.Capesize, Panamax, and Supramax indices all firmed in unison to the tune of 1.0%, 0.4%, and 0.5% respectively. As trading rates jumped, so did crude oil—albeit marginally—ending the week at USD 62.74/barrel (vs. USD 62.14/barrel at the start of the week).“Mixed in…

The Indian sub-continent ship recycling markets continues its southward trajectory with every passing week as the final quarter of the year gradually approaches, reports cash buyer GMS.“Ongoing currency woes (especially those recently spiraling out of control in India), tariff shocks across the sub-continent, faltering steel dynamics, suffocated offerings on the back of a now sagging demand have come together to drag sentiment decisively into terminally negative territory.”The Baltic Dry Index edged modestly higher to end the week at 1…

A week of confusing fundamentals saw nearly all markets reacting as bizarrely as on “Liberation Day” tariffs from back in April, says cash buyer GMS.The tariffs, finally being levied on key destinations (including India) this week, saw turmoil across the board as the week ended. At the onset, oil futures declined 5% and closed the week out at $63.90/barrel. The tariffs announced on Friday included Russia (rather surprisingly) and China, says GMS.“While the oil futures drop to the tune of 5% was certainly noteworthy…