Steel imports drop at Cleveland port, but shipments from Canada rise
July 23, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
by Tom Breckenridge | Source: The Plain Dealer
The import of foreign steel has hit a 15-year low at Cleveland’s port.
At the same time, the Cleveland-Cuyahoga County Port Authority is handling unprecedented levels of steel barged from Canada.
And ArcelorMittal is about to double the modest amount of steel it sends to foreign markets through the Cleveland port.
… ArcelorMittal will send 64,000 tons of steel coil through the port to Brazil and Europe, by year’s end.
… Steel and iron traffic on the St. Lawrence Seaway was down 48 percent through May, officials said.
Offsetting Cleveland’s loss in foreign-steel tonnage is new business by barge. An Ontario steel mill has sent 48,000 tons so far by water, rather than rail and truck.
Activity is also up at the Cleveland Bulk Terminal, which handles iron ore for the busy ArcelorMittal plant. Shipments are at 960,000 tons after six months, an increase of 11 percent.
