Irish traders guided by Spain

The fall in prices for a scrap of ferrous metals in September-October 2017 played a significant role in reorienting the flow of scrap from Turkey to other areas. In particular, there is a great expectation of metal scrap shipping to Spain.

Let’s take a look at the metal scrap shipping from Ireland (Belfast) happened in 3rd decade of October 2017:

It seems there is no alternative for metal scrap shipping from Ireland to Spain when the cost for the Coaster class vessels freight stays high. However, even a small price growth for metal scrap could bring Irish traders back to the Turkish market.