Steel Woes Impact Great Lakes Shipping

The avalanche of dumped foreign steel and the strong dollar finally came home to roost on the Great Lakes in August. Cargo movement in U.S.-Flag "lakers" and from U.S. and Canadian Great Lakes ports fell below the previous year's level for the first non-weather-related reason in at least two shipping seasons.

Shipments of iron ore, coal and stone from U.S. and Canadian Great Lakes ports totaled 17.6 million net tons in August, a decrease of 3.8 percent compared to the corresponding period last year. The Great Lakes iron ore trade decreased 6.1 percent to 7.8 million tons, but for the season, totals 42.4 million tons, an increase of 6.3 percent.

Coal shipments from U.S. and Canadian Great Lakes ports totaled 4,754,231 net tons, a decrease of 3.3 percent. Since the mid-March reopening of the coal trade, loadings stand at 23.9 million tons, an increase of 7.5 percent. Stone loadings were virtually unchanged in August, and for the season, are 6.1 percent ahead of last year's pace (23.9 m.t. versus 22.5 m.t.).

Great Lakes Iron Ore, Coal and Stone Trades
U.S. and Canadian Ports
Month of August, 1998
(Net Tons)

Commodity August 1998 August 1997 Season to Date
1998
Season to Date
1997
IRON ORE



Great Lakes 6,490,309 6,965,467 35,122,507 33,492,153
Eastern Canada 1,338,163 1,376,395 7,271,391 6,385,612
Total - Iron Ore 7,828,472 8,341,862 42,393,897 39,877,765
COAL



Lake Erie 2,648,906 2,767,137 12,949,296 12,046,441
Lake Michigan 291,490 338,214 1,359,927 1,322,784
Lake Superior - U.S. 1,656,188 1,750,855 9,068,816 8,302,548
Lake Superior - Canada 157,647 61,396 563,529 591,912
Total - Coal 4,754,231 4,917,602 23,941,568 22,263,685
LIMESTONE, GYPSUM



U.S. Ports 4,262,230 4,359,141 20,369,528 19,594,044
Canadian Ports 708,681 618,060 3,549,656 2,942,242
Total - Stone 4,965,911 4,977,201 23,919,184 22,536,286
Total All Commodities 17,548,614 18,236,665 90,254,649 84,677,736

Note: The above totals are carried almost exclusively by U.S.-Flag and Canadian-Flag lakers. Third-Flag vessels (i.e., salties) occasionally load coal for export overseas.

The ports reporting cargo movement are as follows:

Iron Ore: Minnesota - Duluth, Two Harbors, Silver Bay and Taconite Harbor; Wisconsin - Superior; Michigan - Marquette and Escanaba.

Coal: Ohio - Toledo, Sandusky, Ashtabula and Conneaut; Illinois - South Chicago; Wisconsin - Superior; Ontario - Thunder Bay.

Limestone and Gypsum: Michigan - Calcite, Cedarville, Presque Isle, Port Inland, Drummond Island, Alabaster and Port Gypsum; Ohio - Marblehead; Ontario - Manitoulin Island, Smelter Bay, Bruce Mines and Port Colbourne.


ggn@lcaships.com
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