GLIN==> November Best Month For Lakes Ore So Far This Year

Iron ore shipments on the Great Lakes reached their highest level so far
this year in November.  The trade totaled 4.6 million net tons, an
increase of 27 percent over the preceding month.  

 

The upturn reflects higher operating rates at the nation's steel mills
that, in turn, have required the sailing of some U.S.-Flag lakers that
had been idled.  The most recent reactivation was on November 25 when
the AMERICAN REPUBLIC returned to service.  The vessel was designed
specifically to shuttle iron ore on the twisting Cuyahoga River in
Cleveland, Ohio.

 

Comparisons with a year ago and the month's 5-year average illustrate
the depth of this recession.  November loadings were 6 percent off the
pace of a year ago, and nearly 14 percent behind the month's 5-year
average.

 

For the year, the Great Lakes iron ore trade stands at 27.5 million
tons, a decrease of 50.1 percent compared to a year ago.  The decrease
is only slightly less when compared to the trade's 5-year average for
the January-November timeframe - 49.3 percent.

 

See attached for more details.

 

 

Glen G. Nekvasil

Vice President-Corporate Communications

Lake Carriers' Association

Suite 720

20325 Center Ridge Road

Rocky River, OH  44116

   P:  440-333-9996

   F:  440-333-9993

   C:  216-702-6360

   E:  nekvasil at lcaships.com <mailto:nekvasil at lcaships.com> 

 




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