Iron ore shipments set to fall further in Dec.
Dec 12, 2008 | 01:34 PM
| Mick Bowen
Iron ore shipments on the Great Lakes fell in November and are likely to decline again this month as a drop in demand from steelmakers causes vessels to be laid up early, the Lake Carriers' Association said.
Production cuts at steel mills have led to the early lay-up of 12 of 63 U.S.-flagged Great Lakes ships, including a 1,000-foot vessel that exclusively transports iron ore. The association expects two more U.S.-flagged vessels to end the season....
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