Port of Hamilton Seeks Options for Future
June 18, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
Steve Arnold | Source: The Hamilton Spectator
Finding future sources of business is becoming critical for the Port of Hamilton. Hamilton’s steel mills provide 80 per cent of the cargo passing over its piers, and that volume has been dropping steadily.
In April, the authority reported steel imports for 2007 fell 65 per cent under the impact of steel industry consolidation and market changes. Shipments of raw materials such as iron ore and coke increased slightly in 2007, but imports of semi-finished products, such as steel slab, plunged to 350,000 tonnes from one million tonnes in 2006.
