So although traffic at the Port of Duluth on Lake Superior began to move more auspiciously this week, ships are still literally running into problems in transit, according to the Coast Guard, a shipping association and a steelmaker.
Editorial: I would like to introduce myself in case we’ve never met.
Wednesday was a “red-letter day at the Port of Duluth,” because seven ships arrived and began unloading materials needed by iron ore producers, while loaded ore vessels are on the water toward iron-deficient steel producers.
Tough weather conditions had a dampening effect on earnings for two steel producers, but spring may lift shipments and buoy profits in the June quarter.
Two of four blast furnaces at U.S. Steel Corp.’s Gary Works steelmaking complex restarted this week after a brief idling caused by the lack of iron ore to feed them.
Alcoa Inc. forecasts improved demand for aluminum across several major North American manufacturing industries during 2014.