# Harvey and Irma Tangle Shipping - Steel Market Update

> Hurricanes Harvey and Irma are delaying freight across the Gulf Coast and Eastern Seaboard through port closures, rail delays and truck shortages. Dry bulk rates have roughly doubled since July, with the Baltic Dry Index rising from 820 to 1,296 by September 7.

- Date: 2017-09-10 · published 2017-09-10T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/69130-harvey-and-irma-tangle-shipping-steel-market-update
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Port closures and rail disruption raise freight costs and slow grain loadings, which can widen export basis, while strong dry-bulk rates lift ocean freight costs for grain exporters.

## Read by commodity

- BARGE: neutral
- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-08-28 | [Oil markets roiled as Harvey hits US petroleum industry](https://feedsoft.ai/events/69604-oil-markets-roiled-as-harvey-hits-us-petroleum-industry.md) | +8.4% | +14.3% |
| DIESEL | 2018-09-19 | [Monthly Market Update: Florence impacts, macroeconomics, and IMO 2020 - FreightWaves](https://feedsoft.ai/events/63230-monthly-market-update-florence-impacts-macroeconomics-and-imo-2020-freightwaves.md) | +3.1% | +4.7% |
| DIESEL | 2019-06-27 | [Freight Market Update: June 26, 2019 \| Flexport](https://feedsoft.ai/events/58488-freight-market-update-june-26-2019-flexport.md) | -3.4% | -3.0% |
| DIESEL | 2022-10-30 | [Diesel market in perfect storm as prices surge and supplies dwindle](https://feedsoft.ai/events/7921-diesel-market-in-perfect-storm-as-prices-surge-and-supplies-dwindle.md) | -7.9% | -32.0% |
| DIESEL | 2026-10-20 | [Benchmark diesel price up as market takes a short breather - FreightWaves](https://feedsoft.ai/events/632-benchmark-diesel-price-up-as-market-takes-a-short-breather-freightwaves.md) | -0.2% | — |

## Sources

- steelmarketupdate.com: https://www.steelmarketupdate.com/2017/09/10/harvey-and-irma-tangle-shipping/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.