Iron Ore Slump Continues;
Record Season In Jeopardy

Battered by dumped foreign steel, American mills again reduced their iron ore requirements and as a result, U.S.-Flag carriage on the Great Lakes fell behind last year's pace for the third month in a row. Iron ore loadings in U.S. bottoms in October fell 4 percent to 5.9 million tons and produced a 1 percent decrease in total U.S.-Flag carriage. With this third straight fall-off, the U.S.-Float is now only 2.6 percent ahead of last year's pace and what seemed certain to be a new modern-day record season is now becoming a question mark.

The coal and stone trades remained at last year's levels, and for the season, stone is a healthy 6.6 percent ahead of last year's end-of-October tally (26.3 million net tons versus 24.7). The cement trade in U.S.-Flag lakers is up roughly 110,000 tons.

The U.S.-Flag salt trade is experiencing one of its best seasons in recent years. Loadings topped the 1 million ton mark in October and with two months of navigation yet to go, will surely reach its highest level this decade.


October Cargo Carriage
Major U.S.-Flag Carriers
(net tons)

Commodity
October 1998

October 1997
Season to Date
1998
Season to Date
1997
Iron Ore (a) 5,879,660 6,126,458 49,479,763 48,039,430
Coal - Western 1,668,670 1,634,101 10,885,348 10,984,577
Coal, Coke - Eastern 1,091,911 1,150,409 7,006,915 7,629,107
Total - Coal 2,760,581 2,784,510 17,892,263 18,613,684
Limestone, Gypsum 3,780,813 3,767,139 26,294,154 24,658,507
Cement 460,092 455,787 3,437,409 3,324,263
Salt 217,544 83,844 1,076,528 701,165
Sand 29,073 30,723 234,300 254,905
Grain 56,158 57,780 278,975 582,505
Totals - All Commodities 13,183,921 13,306,241 98,693,392 96,174,459

(a) Includes Lorain/Cleveland transshipments

Notes: Given the limited number of gypsum producers (two), that commodity must be combined with limestone to insure confidentiality. Cargo totals represent the members of Lake Carriers' Association and the following: Great Lakes Associates; Upper Lakes Barge; Upper Lakes Towing; Andrie, Inc. (cement only); and Merce Transportation.

The tracking of liquid-bulk cargos has been suspended pending implementation of a new reporting system.



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