Iron ore shipments down 60 percent

From Business North:

CLEVELAND — With the capacity utilization rate for the nation’s steel industry still hovering around 40 percent, iron ore shipments on the Great Lakes in May totaled only 3 million tons, a decrease of nearly 60 percent compared to a year ago. One dock loaded only one cargo during the month. Another dock’s total for the month of May would be typical of a week’s operations in a healthy economy.

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