Great Lakes iron ore trade down 15 percent in July
Shipments of iron ore on the Great Lakes/St. Lawrence Seaway totaled 5.6 million tons in July, a decrease of 15 percent compared to a year ago. Shipments also trailed the month’s five-year average by more than 18 percent.
Shipments from U.S. ports totaled 4.95 million tons in July, a decrease of nearly 14 percent compared to a year ago. Loadings at Canadian terminals dipped even more—23 percent—to 643,000 tons.
Year-to-date, the iron ore trade stands at 26.8 million tons, a decrease of 3 percent compared to the same point in 2015. Year-over-year, loadings at U.S. ports are down by 113,000 tons, but shipments from Canadian ports in the St. Lawrence Seaway have slipped even more—21 percent, or 743,000 tons.