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Great Lakes iron-ore shipments down in October

Shipments of iron ore pellets on the Great Lakes slipped slightly in October, according to a report issued Wednesday by the Lake Carriers' Association. Nearly 5.7 million tons of iron ore were shipped during the month -- about 68,000 tons or 1.2 ...

Shipments of iron ore pellets on the Great Lakes slipped slightly in October, according to a report issued Wednesday by the Lake Carriers' Association. Nearly 5.7 million tons of iron ore were shipped during the month -- about 68,000 tons or 1.2 percent less than was moved during the same month last year.

U.S. ports actually handled slightly more ore in October than they did last year, but the association reported that shipments began to fall off during the last week of the month. Ports on the Canadian Seaway were quicker to feel the effects of reduced steel production, with their ore shipments dropping about 32 percent from last October's levels.

For the season, 51.2 million tons of iron ore have been shipped on the Great Lakes -- 8 percent more than during the same period last year.

But the outlook for the remainder of the season is far less rosy. The steel industry is currently running at only about 65 percent of its production capacity, causing some lakers -- including the Edward L. Ryerson and the American Republic -- to call it quits early for the season.

The Lake Carriers' Association represents 16 companies operating 63 U.S.-flagged vessels on the Great Lakes.

Related Topics: GREAT LAKES
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