Great lakes limestone and iron ore trade dropped in October

November 08, 2024

The Lake Carriers' Association reports that shipments of limestone on the Great Lakes totaled 3.3 million tons in October, a decrease of 13.1 percent compared to a year ago. Limestone cargos were also below the month's 5-year average by 9.6 percent.

Loadings from U.S. quarries totaled 2.7 million tons, a decrease of 8.4 percent. Shipments from Canadian quarries totaled 587,069 tons, a decrease of 29.7 percent. Year-to-date the limestone trade stands at 24.2 million tons, a slight decrease compared to 2023. Loadings from Michigan and Ohio quarries total 19.5 million tons, a near match to last year. Shipments from Ontario quarries total 4.7 million tons, a decrease of 4.4 percent.

Shipments of iron ore on the Great Lakes totaled 4.5 million tons in October, a decrease of 12.3 percent compared to a year ago. Shipments were 10.1 percent below the month's 5-year average.

Year-to-date the iron ore trade stands at 41 million tons, a decrease of 2.1 percent compared to the same point in 2023. Through October iron ore loadings are 5.1 percent above their 5-year average for the January-October timeframe.

Source: Lake Carriers' Association