Scrap Monster
Vulcan
Vulcan
Iron Ore March 09, 2015 06:00:01 AM

UK's iron ore imports slightly up in 2014

Paul Ploumis
ScrapMonster Author
According to the latest trade statistics released by the HM Customs and Excise, the iron ore imports by the UK increased marginally
UK's iron ore imports slightly up in 2014

CANTERBURY (Scrap Monster): According to the latest trade statistics released by the HM Customs and Excise, the iron ore imports by the UK increased marginally during the entire year 2014. This is when compared with the imports by the country during 2013.

The iron ore imports by the country totaled 14.46 million tons during 2014. The imports were up by 2.3% when matched with the imports during the previous year. UK’s iron ore imports during 2013 had totaled 14.13 million tonnes.

The largest exporter of iron ore to the UK during the year was Brazil. The imports from Brazil totaled 6.67 million tons during the year, accounting for just fewer than 50% of the total iron ore imports by the UK during the year. The second largest exporter was Sweden with 2.43 million tons. In third place was Russia with 1.72 million tons.

Meanwhile, the country’s iron ore imports during the month of Dec ’14 alone totaled 1.44 million tons. On a year-on-year basis, the Dec ’14 imports surged higher by 14.2%. The iron ore imports by the UK during Dec ’13 had totaled 1.26 million tons.