It extends northerly from Foxe Basin into central Baffin Island.
The Steensby Inlet Ice Stream arose after the deglaciation of Foxe Basin.
[1] It is named in honor of Hans Peder Steensby, ethnographer and professor of geography at the University of Copenhagen.
The Baffinland Iron Mines Corporation had plans to build a 149 km (93 mi) railroad line connecting the inlet to a mine-site in the Mary River area.
According to Railway Gazette International, this would have been the most northerly railroad line in the world.