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You are here: Home → Archive → 2009 → Jan → 15 → Drop in steel prices could lower cost of newbuildings

Drop in steel prices could lower cost of newbuildings

by Obsidian — last modified Jan 15, 2009 12:00 AM

Huge falls in steel plate prices could see the cost of newbuildings fall for the first time in five years.

Prices of some ship types are forecast to fall by as much as one fifth this year as a result of depressed ordering activity, along with cheaper steel costs.

Falling steel plate prices would not only improve margins for...

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