Market Segment

Nucor and Port of Indiana to Develop Steel Barge Shuttle at Jeffersonville Port
Written by Sandy Williams
June 22, 2020
The Ports of Indiana has been awarded a Marine Highway Grant by the U.S. Department of Transportation’s Maritime Administration to develop a steel barge shuttle with Nucor Steel at its Jeffersonville port.
The project will allow barge shipments of steel coils from Ghent, Ky., to the Port of Indiana-Jeffersonville. The $778,766 project includes the construction of a 1.2-acre outdoor storage area and the purchase of a forklift for handling the coils. MARAD has awarded $545,136 to cover the funding gap needed to build the storage facility and buy the forklift. Ports of Indiana is providing the local funding match and will manage the grant administration.
Project partners also include Watco Co., Campbell Transportation Co., Voss Clark, Mill Steel and OKI Regional Council of Governments, who served as the original Marine Highway Project sponsor.
“We’re excited to partner with Nucor and our family of port companies to develop this project,” said Port of Indiana-Jeffersonville Port Director Jeff Miles. “This port provides critical multimodal connections for steel shipments and steel processors in the Midwest. We have 13 steel-related companies on-site that make our ‘Steel Campus’ a key transportation hub for U.S. steel producers, automakers and manufacturing facilities.”
Sandy Williams
Read more from Sandy WilliamsLatest in Market Segment
Leibowitz: Is the China truce real or a Band-Aid?
US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Gerdau’s N. American earnings rise in Q3 due to fall in imports
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.
