Wirana Shipping has identified improving steel demand in India as an encouraging sign for the country’s ship recycling market, while slower demand and financing pressures continue to weigh on Bangladesh. The latest Market Outlook reports a second consecutive week of improving steel demand in India. Recycler offers remained unchanged, although Wirana Shipping expects prices to improve in the coming weeks if stronger steel demand continues. “Bangladesh is facing a tougher combination of slow steel demand, softer imported scrap prices and financing constraints. With relatively few recycling candidates available, local market conditions will continue to have a significant influence on pricing.