Great Lakes Iron Ore Surges Again in April

Tuesday, May 18, 2010

The Great Lakes iron ore trade continued to strengthen in April in response to growing demand for steel. Shipments from U.S. and Canadian Lakes and Seaway ports totaled 5.4 million net tons, an increase of 146% to a year ago. April loadings also bettered the month’s 5-year average by nearly 5%.

Rebounding steel production is driving the Lakes iron ore trade. As April began, the steel industry was using 70.8% of its capacity, and by month’s end, had worked up to 72.5% of capacity. In April 2009, the steel industry had but 41% of its capacity on line.

Another positive indicator is that the 1.6 million tons of iron ore shipped from Two Harbors, Minnesota, in April is one of the highest monthly totals for a Great Lakes iron ore dock in the past several years.

Year-to-date the iron ore trade stands at 9.5 million tons, an increase of nearly 170 percent compared to a year ago. However, shipments are still slightly behind the 5-year average for the January-April timeframe.
 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Missing Person Rescued Near Brackettville

On July 31, Border Patrol Search Trauma and Rescue (BORSTAR) agents and CBP Office of Air and Marine rescued a man who was reported missing the previous morning.

Ross is Fleet Manager, Heidmar

Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

Fire Aboard USS Mount Whitney

A fire broke out on board USS Mount Whitney (LCC 20) while the ship was in Viktor Lenac Shipyard (Rijeka, Croatia) July 31, 2015. There were no personnel injuries in the fire,

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6189 sec (2 req/sec)