Great Lakes Iron Ore Trade Down 7% in June

By KBJR News 1

Great Lakes Iron Ore Trade Down 7% in June

July 9, 2013 Updated Jul 9, 2013 at 1:11 PM CDT

Cleveland, OH (NNCNOW.com) --- Shipments of iron ore on the Great Lakes totaled 6 million tons in June, a decrease of 6% compared to May, and a drop of 7% compared to a year ago.

Loadings also trailed the month’s long-term average by 4.4%.

Shipments from U.S. ports totaled 5.3 million tons, a decrease of 6.7% compared to a year ago. The June total included 305,000 tons shipped to Québec City for loading into oceangoing vessels and delivery overseas. Year-to-date overseas exports total 1,057,000 tons.

Shipments from Canadian ports to Great Lakes destinations totaled 753,000 tons, a decrease of 9.5% compared to a year ago.

Year-to-date, the Lakes ore trade stands at 23.2 million tons, a decrease of 8.1% compared to a year ago. Loadings are 3.4% below the long-term average for the first half of the year.

Posted to the web by Krista Burns