FacebookTwitterEmailLinkedin According to GMS’ latest report, 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. 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. RelatedNews GMS: Freight surge and Hormuz risks keep shipping backlog intact GMS: Limited tonnage extends lifespan of older vessels var jnews_module_21368959_0_6a01e0153edb8 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21368959","include_category":"","exclude_category":"","include_author":"","include_tag":"1974,568,3317","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"",