Great Lakes Iron Ore Trade Down in July
CLEVELAND – Shipments of iron ore on the Great Lakes totaled 3.5 million tons in July, a decrease of 46.5 percent compared to a year ago. Shipments were also 41 percent behind the month’s 5-year average.
Year-to-date the iron ore trade stands at 20.7 million tons, a decrease of 22.6 percent compared to the same point in 2019. Iron ore shipments are 19.8 percent behind their 5-year average for the first seven months of the year.