Great Lakes Iron Ore Trade Decreases in March 2025
According to the Lake Carriers’ Association, shipments of iron ore on the Great Lakes were below one million tons in March, a decrease of 39.1 percent compared to 2024. Loadings were also below the month’s 5-year average by 19.4 percent.
Year-to-date, the iron ore trade stands at nearly three million tons, a decrease of 31.9 percent compared to a year ago. Iron ore shipments are 15.2 percent below their 5-year average for the first three months of the year.
Winding Down
As the Great Lakes-St. Lawrence Seaway System approaches its seasonal closure, the rhythm of maritime commerce slows. The Montreal–Lake Ontario section will cease transits after December 24, with all ships required to clear... Read More
Algoma Steel to Lay Off 1,000 Workers, Close Blast Furnace
Algoma Steel plans to lay off about 1,000 workers and close its blast furnace and coke making operations in early 2026. Algoma cites the high tariffs imposed by U.S. President... Read More