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The J3 LNG carrier Senshu Maru was sold at the end of last year for more than $500 per ldt. Photo: Pietragala Geraldo/MarineTraffic

Scrap prices tipped to breach $500 barrier as interest spirals

Global shortage of steel prompts Bangladesh, in particular, to make a big push for tonnage

12 January 2021 11:46 GMT Updated 13 January 2021 10:43 GMT

By Gary Dixon

Demolition prices could pass $500 per ldt on a regular basis as steel shortages spur recycling interest. Bangladeshi breakers are particularly hungry for tonnage, market

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Scrap prices tipped to breach $500 barrier as interest spirals