G r e a t Lake C a r r i e r s C o u l d G a i n From W o r l d T r a d e A g r e e m e n t s

Successful multilateral trade negotiations could have a positive effect on U.S. and Canadian Great Lakes shipping operations, a two-day joint conference of the Cleveland-based Lake Carriers and the Canadian Shipowners Association was informed by Donald Belch, director of government relations for Canadian steel manufacturer Stelco Inc.

Mr. Belch was referring to the negotiations currently underway on a new multilateral steel agreement, for the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) and for a North American free-trade accord.

This could have a significant long term effect on the U.S. and Canadian steel markets, when Mexican consumers are brought to the level of U.S. and Canadian consumers, he said.

The tonnage of U.S. steel shipped to automobile manufacturers has been the smallest in over two decades, he continued, with overall U.S. steel shipments falling 7.2% to 79 million tons in 1991.

While not matching the 1990 level of 85 million tons, Milton Deaner, president of the American Iron and Steel Institute, predicted that 1992 shipments of U.S. steel mill products would be higher than the previous year.

U.S. vessels on the Great Lakes carried the lowest volume of cargo since 1986, 104 million net tons.

Maritime Reporter Magazine, page 77,  Apr 1992 Pennsylvania

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.