India provided the strongest signal in an otherwise mixed ship recycling market, with limited vessel availability continuing to constrain buying opportunities. Hellenic Shipping News, citing shipbroker Intermodal, reported firmer sentiment at Alang, where local steel prices increased. Bangladesh also retained strong appetite for tonnage, while demand in Pakistan remained weak and Turkey saw little change in vessel pricing.
Intermodal said activity at Indian recycling yards was being supported by ships bought in earlier weeks, with fewer fresh candidates available. Although steel prices had risen, recent fluctuations suggested the market was undergoing a price adjustment. The Indian currency also strengthened against the dollar, which the broker linked to recent interest and repo rate interventions by the Reserve Bank of India. In Bangladesh, rising steel plate prices accompanied strong demand for a restricted pool of ships, with one bulker sale reported during the week.
Pakistan faced a less supportive backdrop. According to Best Oasis, whose assessment was also carried by Hellenic Shipping News, buying interest had eased partly because some recyclers had recently taken delivery of vessels. The company reported weaker local demand for ship plate and scrap, with scrap and wire rod prices down by approximately $25–30 per tonne in dollar terms. It attributed the pressure primarily to an influx of goods from Iran. Intermodal likewise identified Iranian steel imports as a strain on recyclers at Gadani, although its assessment put local steel prices broadly steady, slightly below the preceding week.
Both reports referred to a damaged tanker being offered for recycling after a reported incident in the Strait of Hormuz. Best Oasis described the vessel as reportedly having been attacked. Separately, Intermodal said possible sanctions relief for certain tankers could make more recycling candidates available and improve the outlook for buyers. The report did not identify those tankers or provide details of the prospective relief.
In Turkey, Best Oasis reported a roughly $9-per-tonne weekly decline in import prices but said recycling vessel prices were broadly unchanged. Intermodal described Aliaga as stable, despite slightly slower steel demand and further lira weakness against the dollar. No new sales were reported there, and available recycling candidates remained scarce.