Iron Ore Trade Down 5.6 Percent in September
The 5-year average shows a decrease of 15.3%
A total of 5,258,269 tons of iron ore were shipped on the Great Lakes and St. Lawrence Seaway in September, a 5.6 percent decrease compared to just a year ago.
Shipments have trailed the month’s 5-year-average even more, by 15.3 percent.
U.S. Great Lakes shipments totaled 4,916,787 ton is September, an increase of 60,544 tons; roughly one load of a 1,000 foot-long U.S. laker.
Loadings at Canadian terminals in the Seaway fell 52 percent to a mere 341,482 tons.
Compared to last year, iron ore trades have decreased 2.5 percent compared to the same time last year. A year-to-date total of trades stands at 38,109,839 tons.
Year-over-year loadings at U.S. ports are up by 0.97 percent, while shipments from Canadian ports in the St. Lawrence Seaway have slipped 25.8 percent.
Lake Carriers’ Association represents 14 American companies that operate 56 U.S. flag vessels on the Great Lakes and carry the raw materials that drive the nation’s economy: iron ore and fluxstone for the steel industry, aggregate and cement for the construction industry, coal for power generation, as well as salt, sand, and grain.
Collectively, these vessels can transport more than 100 million tons of cargo per year.