Great Lakes Iron Ore Trade Down 40.3 Percent in August
CLEVELAND – Shipments of iron ore on the Great Lakes totaled 3.6 million tons in August, a decrease of 40.3 percent compared to a year ago. Shipments were also below the month’s 5-year average by 37.9 percent. Year-to-date the iron ore trade stands at 24.3 million tons, a decrease of 25.9 percent compared to the same point in 2019.
Through August iron shipments are nearly 23.2 percent below their 5-year average for eight months of the year.
Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet, which today can move more than 90 million tons of cargos annually that are the foundation of American industry, infrastructure, and power: iron ore, stone, coal, cement, and other dry bulk materials such as grain, salt, and sand. More information is available at www.lcaships.com.
Information based on data from knowledgeable sources. However, accuracy cannot be guaranteed. Lake Carriers’ Association assumes no legal responsibility for the outcome of decisions or commitments made on the basis of this information. Report represents the views of Lake Carriers’ Association and may not necessarily represent the views of its individual members.