Iron Ore Shipments Up 4.3 Percent In June

Waterborne and rail shipments of iron ore in North America totaled 7.1 million gross tons in June, an increase of 4.3 percent compared to the corresponding period last year. However, the trade continues to lag behind 2001 on both a season-to-date and year-to-date basis.

June shipments of iron ore from Great Lakes ports totaled 5.1 million tons, an increase of 10.3 percent compared to last year. The increase could not, however, offset the decreases registered in previous months. On a season-to-date basis, Great Lakes iron ore shipments stand at 14.7 million tons, a decrease of 9.7 percent. On a year-to-date basis, the 16.1 million tons loaded at Great Lakes ports represent a decrease of 8 percent.

Iron ore loadings at eastern Canadian ports in June slipped by more than 32 percent, totaling only 750,000 tons. Season- and year-to-date, shipments from the three Canadian ports stand at 2.5 million tons, a decrease of 14.6 percent.

Vessel shipments to North American ports outside the Great Lakes more than tripled in June to 422,977 tons. For the year, this segment of the trade has increased by 65 percent to 1.6 million tons.

The all-rail iron ore move totaled 783,964 tons in June, a decrease of 14.3 percent. Year-to-date, rail shipments stand at 4.8 million tons, a decrease of 11.3 percent.

June Iron Ore Shipments
(gross tons)

Port

June 2002

June 2001

S-T-D 2002

S-T-D 2001

Y-T-D 2002

Y-T-D 2001

U.S. Great Lakes Ports

Duluth

648,572

798,193

1,886,984

1,999,621

1,886,984

2,052,127

Superior

1,385,023

914,503

3,437,665

3,091,759

3,650,870

  3,239,944

Two Harbors

1,499,500

1,198,820

4,483,472

4,076,439

4,995,066

4,298,760

Silver Bay

343,583

371,568

849,692

1,185,218

849,692

1,185,218

Taconite Harbor

INACTIVE

523,548

INACTIVE

1,809,135

INACTIVE

1,858,754

Presque Isle

909,311

492,890

2,553,931

1,892,232

2,963,281

2,145,954

Escanaba

340,163

346,539

1,475,331

2,206,336

1,763,409

2,735,901

Total

5,126,152

4,646,061

14,687,075

16,260,740

16,109,302

17,516,658

Eastern Canada

Pointe Noire

416,135

376,152

1,401,937

1,287,461

1,401,937

1,287,461

Port Cartier

101,107

128,508

594,985

332,203

594,985

332,203

Sept Iles(a)

229,837

600,012

511,348

1,317,299

511,348

1,317,299

Total

747,079

1,104,672

2,508,270

2,936,963

2,508,270

2,936,963

Total- U.S. & Canada

5,873,231

5,750,733

17,195,345

19,197,703

18,617,572

20,453,621

Shipments to Non-Great Lakes Ports

422,977

120,000

N/A

N/A

1,620,223

987,000

Rail Shipments

783,964

915,000

N/A

N/A

4,799,945

5,413,000

Total Iron Ore
Shipments

7,080,172

6,785,733

17,195,345

19,197,703

25,037,740

26,853,621

(a) May shipments revised. Restated totals are: 102,551 gross tons to Great Lakes ports; 240,194 g.t to non-Great Lakes ports.

Note: Great Lakes maritime commerce is computed on a Season-To-Date basis (S-T-D); the iron ore industry tracks shipments, both vessel and rail, on a Year-To-Date basis (Y-T-D).

DATE OF PUBLICATION: JULY 18, 2002.

TO VIEW A VERSION OF THIS REPORT CALCULATED IN NET TONS, CLICK HERE.

ggn@lcaships.com
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