Great Lakes iron ore trade down 9 percent in May
Shipments of iron ore on the Great Lakes/St. Lawrence Seaway totaled 6 million tons in May, a decrease of 9 percent compared to a year ago. Shipments also trailed the month’s five-year average by 7 percent.
Shipments from U.S. ports totaled 5.5 million tons in May, a decrease of 8 percent compared to a year ago. Loadings at Canadian terminals dipped by 20 percent to 556,000 tons.
Year-to-date, the iron ore trade stands at 15.4 million tons, an increase of 4 percent. Loadings at U.S. ports are up nearly 8 percent, but shipments from Canadian ports in the St. Lawrence Seaway are down 21 percent.