Bangladesh is beating all-comers on demolition prices at the start of 2022, as end-users continued to secure small tankers.
But cash buyer Best Oasis said a continual shortage of units available for demolition has kept levels stable across all the major recycling markets.
"While the volatility in steel prices is leading to a cautious buying approach, the non-availability of tonnage and the fear to go out of inventory is pushing the end-buyers to bid competitively for the available vessels," the company added.
