Trade Resources Industry Trends Shipments of Iron Ore on The Great Lakes Totaled 6.2 Million Tons in September

Shipments of Iron Ore on The Great Lakes Totaled 6.2 Million Tons in September

According to a release from the Lake Carriers' Association (LCA), shipments of iron ore on the Great Lakes totaled 6.2 million tons in September, an increase of 4.4 percent compared to a year ago, and 6.3 percent better than August. The September ore float was, however, only slightly ahead of the month's five-year average.

Shipments from US ports totaled 5.5 million tons, an increase of 9.8 percent compared to a year ago. The September total included 340,000 tons shipped to Québec City for loading into oceangoing vessels and delivery overseas. Year-to-date overseas exports from US Great Lakes ports total 2,334,000 tons.

Shipments from Canadian ports to Great Lakes destinations totaled 622,000 tons, a decrease of 27.2 percent compared to a year ago.

Year-to-date, the Lakes iron ore trade stands at 41.6 million tons, a decrease of 6.7 percent compared to a year ago. Loadings are 4.3 percent below the long-term average for the first three quarters.

Additionally, the LCA reported that coal trade on the Great Lakes was down 13 percent in September, with a total of 2.7 million tons.

Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 13.5 percent compared to a year ago.? Exports to Europe from Superior total 1,253,000 tons through September. Year-to-date the Lakes coal trade stands at 17 million tons, a decrease of 3 percent compared to a year ago.

Source: http://www.steelorbis.com/steel-news/latest-news/iron-ore-shipments-rise-on-us-great-lakes-in-september-790607.htm
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Iron Ore Shipments Rise on US Great Lakes in September
Topics: Metallurgy