GLIN==> Lakes Limestone Trade Plummets To Lowest Level Since 1984

The Great Lakes limestone trade has closed for the year and the 2009
total is the lowest since 1984.  U.S. and Canadian ports shipped 23.5
million net tons of limestone in 2009.  That is the lowest total since
the recession year 1984 when shipments totaled only 23,156,860 tons.

 

The 2009 total also represents a decrease of 27.4 percent compared to
2008.  The trade was nearly 36 percent below its 5-year average.

 

A major portion of the limestone shipped on the Lakes is aggregate for
the construction industry.  Efforts to stimulate the economy have yet to
translate into aggregate-intensive projects.  Lakes-shipping quarries
also supply U.S. and Canadian steelmakers with fluxstone that is used as
a purifying agent in the steelmaking process.  Although some blast
furnaces have been restarted, the industry is still only operating at
about 65 percent of its capacity.

 

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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