Great Lakes Iron Ore Trade Down 10 Percent in November
CLEVELAND – Shipments of iron ore on the Great Lakes totaled 4.25 million tons in November, a decrease of 10 percent from 2019. Shipments were also below the month’s 5-year average by 12.5 percent.
Year-to-date the iron ore trade stands at 36.6 million tons, a decrease of 24.8 percent compared to the same point in 2019.
Through November iron ore loadings are 22.5 percent below their 5-year average for that timeframe.
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.
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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.