Commodities Buzz: US Mine Production of Iron Ore in Feb 2018 At 3.90 Million Tons

U.S. mine production and shipments of iron ore in February 2018 were 3.90 million metric tons (Mt) and 214,000 metric tons (t), respectively. Average daily production of iron ore was 139,000 metric tons, 19% more than that of January and 14% more than that of February 2017. Average daily shipments of iron ore were 7,640 t, 84% less than those in January and 20% more than those in February 2017. Mine stocks at the end of February 2018 were 44% more than those held at the end of January and 20% more than those held at the end of February 2017.