Port of Tampa sees steel imports rebounding
Feb 15, 2012 | 02:48 PM
| Catherine Ngai
TAMPA, Fla. Low steel import volumes coupled with a lagging construction sector has depressed Floridas economy in recent years, but that downturn seems to be changing course, according to Richard Wainio, chief executive officer and director of the Tampa Port Authority.
"Florida is somewhat different than most of the states because it is highly dependent on its residential construction sector. Weve seen a huge decline in our residential construction sector, and that has caused steel imports to disappear," Wainio told AMM.
During the height of Floridas construction market, the port brought in some 462,518 net tons of steel in 2006, according to port data. But those numbers fell dramatically as a result of the economic downturn, Wainio said, citing fiscal 2010 imports of 36,581 tons.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.