Final Thoughts

First, our questions posed to U.S. Steel remained unanswered as we reached the end of the day today. The last we heard they were running two blast furnaces at reduced capacities for each at Gary Works. It is not known exactly how many tons per day of pig iron or steel are being produced. Iron ore is (or will be) on its way to Gary Works as time progresses and the ice breakers are able to move convoys through Lake Superior, past Sault Ste Marie and ultimately into Lake Michigan. We have more about the status of the various vessels in another article in this newsletter.

There is no news coming out of Great Lakes at all. By the way, we did hear from one of our contacts at Hamilton Works who confirmed their substrate was coming from Lake Erie and their lines are all very busy. US Steel made the decision to shut down the blast furnace at Hamilton towards the end of last year.