Black Sea Steel Flows Weaken as Shipping Risks Rise
Recorded Black Sea steel loadings declined sharply in Q3 2026. Volumes, including scrap, fell 65.6% y/y to 0.65 Mt across 51 voyages, compared with 129 in Q3 2025. The year-on-year decline deepened through the quarter: July −28.0%, August −80.6%, and September −96.0%. September’s recorded volume totalled 20,690 t, comprising loadings from Turkey (12,750 t), Romania ...
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