Iron Ore shipments on Great Lakes reach record lows in March

Friday, 10 April 2015 01:53:48 (GMT+3)   |   San Diego
       

According to the Lake Carriers’ Association (LCA), shipments of iron ore on the Great Lakes totaled an anemic 800,000 tons in March, the lowest level for the month since 2010. The March ore float was also nearly 60 percent below the month’s 5-year average.

Heavy ice and lack of icebreaking resources on both sides of the border were the culprits. “The winter of 2014/2015 was again brutal,” said James H.I. Weakley, President of the LCA. “The ice formations were so formidable that a number of LCA’s members chose to delay getting underway rather than risk a repeat of last spring when ice caused more than $6 million in damage to the vessels. Compounding the problem is that both US and Canadian icebreakers have experienced a number of mechanical issues. The MACKINAW, the US Coast Guard’s most powerful icebreaker, is operating at less than full power. Other icebreakers have suffered casualties that have taken them out of service for various periods of time.”

Weakley noted that with foreign steel imports again reducing operating rates at American mills to perilous levels, it is even more critical that raw materials move as efficiently as possible. “Right now American steel mills need every competitive advantage they can get. A slow start to resupplying the mills after the winter closure is a worry the industry could do without. This is just another clear indication that the Lakes need, at a minimum, another heavy icebreaker to pair with the MACKINAW, and another 140-foot-long icebreaking tug to cover for the one that has been sent to the Coast Guard yard in Baltimore for service life extension.”

Weakley also called on Canada to review its icebreaking resources dedicated to the Lakes. The country used to have seven icebreakers stationed on the Lakes, but now just two are permanently assigned.


Similar articles

Major steel and raw material futures prices in China - April 23, 2024

23 Apr | Longs and Billet

Iron ore exports via Port Hedland up 29.0 percent in March from February

23 Apr | Steel News

Mexican iron pellet production in February up 2.8 percent

22 Apr | Steel News

India’s KIOCL seeks 200,000 mt of iron ore fines in lieu of equivalent volume of pellets to be exported

22 Apr | Steel News

Daily iron ore prices CFR China - April 22, 2024

22 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China - April 22, 2024   

22 Apr | Longs and Billet

Fenix Resources’ iron ore output and sales up in Mar quarter from Dec quarter

22 Apr | Steel News

Brazil’s DEV Mineração to resume operations at Amapá iron ore project

22 Apr | Steel News

Daily iron ore prices CFR China - April 19, 2024

19 Apr | Scrap & Raw Materials

Vale's iron ore exports up 97.5 percent in January

19 Apr | Steel News