Iron Ore Trade Up 27.8 Percent in May
CLEVELAND – Shipments of iron ore from U.S. Great Lakes ports totaled 5.6 million tons in May, an increase of 27.8 percent compared to a year ago and 4.8 percent above the month’s 5-year average.
Year-to-date the iron ore trade stands at 14.1 million tons, an increase of 42.6 percent compared to the same point in 2022. Iron ore shipments were also 6 percent above their 5-year average for five 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.