October Iron Ore Shipping Down
Iron ore shipments have taken a hit over the last year.
Shipments of iron ore on the Great lakes totaled 5.3 million tons in October, down 23 percent compared to a year ago.
Through October, the Lakes/Seaway ore trade stands at 44.4 million tons, a decrease of 6 percent compared to this time last year.
Shipments of iron ore are down 9 percent from the October’s 5 year average.
Loadings at U.S. ports totaled 4.6 million tons last month, down 27.4 percent compared to a year ago.
Shipments from Canadian ports, however, are up. The iron ore shipments totaled 725,000 tons, up 24 percent.
Iron ore shipments are down 6.6 percent compared to the January-October five year average.
Overall, shipments from U.S. ports are down and Canadian shipments are up from this last year .