Limestone shipments on Great Lakes signal economic rebound
Shipments of limestone on the Great Lakes in April point to a continued rebound in economic activity in the nation’s industrial heartland, according to the Great Lakes Carriers Association.
Shipments from U.S. and Canadian ports totaled 2,465,294 net tons, an increase of 59 percent, or 911,795 tons, compared to a year ago, according to the association.
Rising steel production accounts for some of the increase. It takes about 400 pounds of fluxstone to make a ton of steel in a blast furnace. There are also reports that demand for aggregate for road construction and repair projects is on the rise.
The trade’s recovery is not complete. April loadings were 19 percent below the month’s 5-year average.
The April totals essentially reflect limestone’s year-to-date performance. Only one cargo – 16,920 tons – was loaded in March.
MORE FROM Articles
SUBSCRIBE & FOLLOW
- MSHA's top 25 most cited standards at sand and gravel facilities in 20151514 Views
- MSHA issues 95 citations to seven mines during December inspections965 Views
- MSHA's top 25 most cited standards at stone facilities in 2015881 Views
- Obama proposes $10-per-barrel tax on oil production654 Views
- Stockpile Reports launches bin and bunker measurement for stockpiled materials via iPhone, drone395 Views