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Lakes Iron Ore Trade Down 17% at Midyear

The Lake Carriers' Association reported that iron ore shipments on the Great Lakes total 19.2 million tons through the end of June, a 17 percent decrease from a year ago and the trade’s long-term average. Higher water levels have not been able to offset the interminable delays suffered during the winter of 2013/2014. Shipments from U.S. ports through the second quarter stand at 16.8 million tons, a decrease of nearly 19 percent compared to a year ago.