Foggy February doesn’t stoop steel from increasing

By: | at 08:00 PM | Ports & Terminals  

Despite significant fog-related impacts throughout the port during February, steel had an excellent month, CEO Alec G. Dreyer reported at the April 5 Port Commission meeting. Port activities were delayed for 11 consecutive days due to unusually heavy fog.

The Port Authority handled more than 230,000 tons of steel as compared to 125,000 tons in February 2010, an 84-percent increase — in spite of the foggy conditions.

“Year-to-date, steel is up 740,000 tons or 69 percent over last year, giving us a nice boost going into the strong summer season,” Dreyer said. “Turning Basin (terminals) revenue for the first two months is up some 23 percent, which is directly related to the strong increase in steel.”

TEU volumes were down 6 percent, but container tonnage was down only 2 percent in February compared to last year. Dreyer also noted that year-to-date, TEU volumes are flat, compared to last year, while container tonnage is up 2 percent overall.


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