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Iron Ore October 04, 2016 09:06:37 PM

Iron ore imports by Germany Declined 3% in H1 2016

Carolina Curiel
ScrapMonster Author
The country’s iron ore imports surged higher significantly during the month of June this year, says latest statistics released by Eurostat.
Iron ore imports by Germany Declined 3% in H1 2016

BRUSSELS (Scrap Monster): The iron ore imports by Germany surged higher significantly during the month of June this year, says latest statistics released by Eurostat.

The country’s iron ore imports totaled 3.450 million tonnes during the month. This is higher by 8.0% when matched with the imports during the corresponding month last year. The country had imported 3.195 million tonnes of iron ore during June 2015. Also, the total value of imports by the country has increased marginally by nearly 1.5% over the year from $2.12 billion in June last year to $2.15 billion in June 2016. Meantime, the average import price too has dropped sharply by 6.0% year-on-year to $62.4 per tonne in June this year. The German iron ore imports had averaged at $66.3 per tonne in June 2015.

The largest exporter of iron ore to Germany during the month was the Netherlands. The imports from the Netherlands totaled 1.729 million tonnes, valued at $110.884 million. The import prices averaged at $64.10 per tonne. Brazil exported 748,630 tonnes of iron ore to Germany during the month. The imports from Brazil were valued at $45.328 million. The average price of import stood at $60.5 per tonne. In third place was Canada with 462,737 tonnes. The total value of imports from the country amounted to $24.316 million. The imports from the country averaged at $52.5 per tonne during June this year. The other key exporters of iron ore to Germany were Ukraine (198,961 tonnes), South Africa (134,533 tonnes) and Sweden (123,986 tonnes).

The imports of agglomerated iron ore during June ’16 totaled 1.176 million tonnes, rising significantly by 13.6% when compared with the same month a year before. The German agglomerated iron ore imports had totaled 1.035 million tonnes during June 2015. The value of imports amounted to $95.721 million during June ‘16. The import value has increased sharply by nearly 11% when compared with the previous year. The German iron ore imports were valued at $86.256 million during June last year. The import prices of agglomerated ore saw marginal drop of 2.3% over the year. The average import price dropped from $83.30 per tonne in June ‘15 to $81.4 per tonne in June ‘16.

The largest exporter of agglomerated iron ore to Germany was the Netherlands. The exports from the country totaled 601,236 tonnes. The value of iron ore imports from the Netherlands totaled $50.012 million. The imports averaged at $83.2 per tonne. The other key exporters of agglomerated iron ore to Germany during the month were Ukraine (198,961 tonnes), Brazil (191,406 tonnes) and Canada (145,391 tonnes).

The imports of non agglomerated iron ore totaled 2.274 million tonnes, accounting for over 65% of the total imports. The non-agglomerated iron ore imports by the country grew by 5.3% when matched with 2.159 million tonnes imported during June 2015. The value of non-agglomerated iron ore imports has dropped marginally by nearly 5% year-on-year to $119.413 million from $125.595 million a year before.

The country imported non-agglomerated iron ore mainly from the Netherlands. The imports from Netherlands totaled 1.128 million tonnes at an average price of $54.0 per tonne. The value of iron ore imports from the country totaled $60.872 million. The other primary exporters of non-agglomerated iron ore to Germany during June this year were Brazil (557,224 tonnes), Canada (317,346 tonnes), South Africa (134,533 tonnes) and Sweden (123,981 tonnes).

The cumulative iron ore imports by Germany during the initial half of 2016 totaled 20.778 million tonnes. The imports during the period were down by 2.9% when matched with the imports of 21.3398 million tonnes during the corresponding six-month period in 2015.

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