Great Lakes Iron Ore Trade Up 61.8% in July

Shipments of iron ore on the Great Lakes totaled 5.7 million tons in July, an increase of 61.8% compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were 3.2% above the month’s five-year average.

Year-to-date the iron ore trade stands at 26.4 million tons, an increase of 27.6% compared to the same point in 2020, LCA said. Iron ore shipments are 5.2% above their five-year average for the first seven months of the year.