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Rising competition from Pakistan and Bangladesh has led to ship breaking activity at Alang in Gujarat fall by almost 50 per cent during 4th quarter of financial year 2016-17. Only 64 ships have been arrived for breaking during January to March 2017 as against 120 ships in corresponding period in 2016. According to ship breakers, both the countries are offering higher prices of ships in international market as these countries are depending on recycled steel to fulfill their steel needs. About 40 per cent of their requirement comes from recycled steel while in India use of recycled steel is just 3 per cent. India is offering $ 370-380 per tonne while Pakistan and Bangladesh are paying $10-15 higher. "Overall ship availability for breaking has gone down in past few months and at this time both Pakistan and Bangladesh are offering more price than India. Share of recycled steel in overall 90 million tonnes steel market in India is mere 3 per cent while in Pakistan and Bangladesh the same ..