Great Lakes Iron Ore Trade Down in 2020
CLEVELAND – Shipments of iron ore on the Great Lakes totaled 4.7 million tons in December, a decrease of 3.8 percent compared to a year ago. Shipments were also below the 5-year average for the month by 7.2 percent.
The year-end total for the iron ore trade stands at 41.2 million tons, a decrease of 22.9 percent compared to 2019.
Compared to the trade’s 5-year average, 2020 iron ore loadings were down 21 percent.
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.