France's Iron Ore Imports Witnessed Marginal Dip in 2018

SEATTLE (Scrap Monster): The iron ore imports by France during the entire year 2018 declined marginally in comparison with the imports recorded during the year before that. This is as per the latest trade statistics released by EUROSTAT. The imports in 2018 have dropped by almost 1% year-on-year.

The country’s iron ore imports in 2018 totaled 16.071 million tonnes. The iron ore imports had totaled 16.239 million tonnes in 2017. The average import price during 2018 witnessed marginal increase by 2.3% over the previous year to $83.10 per tonne CFR. The prices had averaged at $81.30 during 2017. The total value of imports amounted to $1.336 billion, marginally higher by 1.2% when compared with the import value of $1.32 billion recorded during 2017.

The largest import source of iron ore by France during the previous year was Brazil. The imports from Brazil totaled to 6.757 million tonnes. The second largest exporter of iron ore to France during the year was Canada. The total imports by France from that country totaled 6.270 million tonnes. The other major exporters of iron ore to France were Liberia (1.234 million tonnes), Russia (765,213 tonnes), Mauritania (487,290 tonnes) and Mexico (335,405 tonnes).

The iron ore imports by France during the month of December 2018 alone totaled 1.504 million tonnes. The imports during the month surged higher by 40% when matched with the year-before month. Canada was the top exporter of iron ore to France. The imports from Canada totaled 833,507 tonnes. The other key iron ore supplier to France was Brazil (586,070 tonnes).