US Great Lakes iron ore trade up 106 percent year-on-year

Tuesday, 22 June 2010 02:31:22 (GMT+3)   |  
According to a recent report by the Lake Carriers Association, iron ore shipments on the Great Lakes totaled 6.3 million net tons in May, an increase of 16.4 percent over April, and an increase of 106 percent compared to a year ago. Shipments were also up 4.6 percent compared to the month's five-year average.

May loadings at US ports increased 118 percent compared to a year ago. Shipments from Canadian ports rose 38 percent.

Year-to-date the Lakes ore trade stands at 15.8 million net tons, an increase of 140 percent compared to the same point last year. The end-of-May total is also within striking distance of the 5-year average for the January-May timeframe. Shipments from US ports are up 162 percent compared to a year ago. Loadings at Canadian ports are 32 percent ahead of last year's pace.


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