Iron Ore Trade Down 17.6 Percent in May
CLEVELAND – Shipments of iron ore from U.S. Great Lakes ports totaled 4.9 million tons in May, a decrease of 17.6 percent compared to a year ago, and 14.9 percent below the month’s 5-year average.
Year-to-date the iron ore trade stands at 13.2 million tons, a decrease of 8.9 percent compared to the same point in 2019. Iron ore shipments are also 6.9 percent below their 5-year average for five months of the year.