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September 25, 2017

Iron Ore Trade Climbs 10 Percent in August

From Business North

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 6.7 million tons in August, an increase of 10.1 percent compared with a year ago, the Lake Carriers’ Association said Monday.  Shipments also bettered the month’s five-year average by 6.2 percent.

Shipments from U.S. Great Lakes ports totaled 6.3 million tons in August, an increase of 18 percent compared with a year ago.  However, loadings at Canadian terminals in the Seaway totaled 360,000 tons, a drop of nearly 50 percent.

Year-to-date, the iron ore trade stands at 36.8 million tons, an increase of 12.2 percent compared with the same point in 2016.  Year-over-year, loadings at U.S. ports total 33.8 million tons, an increase of 15.2 percent.  Shipments from Canadian ports in the St. Lawrence Seaway total three million tons, a decrease of 13.3 percent.

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