Monday, November 18, 2024

Ship breaking now major source of scrap steel

The country’s ship breaking industry produced some 2.1 million tonne of scrap steel worth about one billion dollar (US$ 945 million) during the last eight months since January this year. The industry dismantled some 206 abandoned ships, mostly procured from abroad, to generate the scrap steel, the prime raw material for the country’s re-rolling mills. ... Read more