by Guest » October 6, 2017, 7:07 pm
Denny wrote:Thanks for that information my friend garbear very much helpful and appreciated. Just a little off subject but, like last year wonder if over time we will be seeing others make Seaway trips such as the Block did along with the Herbert C. Jackson? Would love to see and catch the Block on the St. Clair River as I missed my chance to see her and would love to see her come through here as I last saw her at the Soo in 2006 with my Mom. I would also like to see the Sykes make a rare Seaway Trip as well but, I suppose that won't happen with her used mostly hauling stuff to Lake Michigan ports. Still it would be nice!
Not to get off the subject either, but this was in the Duluth News Tribune. If you figure 30000 ton/boat load, that would be 150 loads. Where are boats coming from? Maybe Ryerson and a few others that have been in long term lay-up. Be interesting to see what happens.
Clarke said a key element of the Nashwauk project is that about 2.5 million tons of the plant's taconite will go to the on-site iron plant. The other 4.5 million tons annually has been pledged to a Chinese steelmaker.
Chinese mills are seeking out and will pay more for taconite pellets because they don't need to be sintered. It's the sintering process for natural ore fines or lumps that creates much of China's infamous air pollution problem.
"The Chinese (mills) are paying a $41.50 premium per ton (over global iron ore prices) for pellets so they can cut their pollution. It's a mandate from their government," Clarke said, noting he expects to produce taconite in Nashwauk, ship it across the Great Lakes to Quebec City and transfer it to saltwater ships to move to China "and still have a $30 per ton (profit) margin."
[quote="Denny"]Thanks for that information my friend garbear very much helpful and appreciated. Just a little off subject but, like last year wonder if over time we will be seeing others make Seaway trips such as the Block did along with the Herbert C. Jackson? Would love to see and catch the Block on the St. Clair River as I missed my chance to see her and would love to see her come through here as I last saw her at the Soo in 2006 with my Mom. I would also like to see the Sykes make a rare Seaway Trip as well but, I suppose that won't happen with her used mostly hauling stuff to Lake Michigan ports. Still it would be nice![/quote]
Not to get off the subject either, but this was in the Duluth News Tribune. If you figure 30000 ton/boat load, that would be 150 loads. Where are boats coming from? Maybe Ryerson and a few others that have been in long term lay-up. Be interesting to see what happens.
Clarke said a key element of the Nashwauk project is that about 2.5 million tons of the plant's taconite will go to the on-site iron plant. The other 4.5 million tons annually has been pledged to a Chinese steelmaker.
Chinese mills are seeking out and will pay more for taconite pellets because they don't need to be sintered. It's the sintering process for natural ore fines or lumps that creates much of China's infamous air pollution problem.
"The Chinese (mills) are paying a $41.50 premium per ton (over global iron ore prices) for pellets so they can cut their pollution. It's a mandate from their government," Clarke said, noting he expects to produce taconite in Nashwauk, ship it across the Great Lakes to Quebec City and transfer it to saltwater ships to move to China "and still have a $30 per ton (profit) margin."