The EU’s iron ore imports shrank again this year

Published: Dec 5, 2023 09:20
From January to October 2023, the EU's iron ore imports fell again by 11.2% YoY to 60.3 million mt.

From January to October 2023, the EU's iron ore imports fell again by 11.2% YoY to 60.3 million mt. Of them, about 50% of the EU's imported goods were shipped via capsize, and 33% by Panamax. In terms of individual countries, imports from the Netherlands (mainly due to Rotterdam's importance as a gateway port), German, France, Belgium, Italy, Spain and Poland accounted for 41.4%, 18.9%, 11.7%, 7.5%, 6.5%, 6.2% and 1% of EU’s total imports respectively.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Ningbo's HRC Inventory Rises Slightly, Lunar Year-on-Year Decline Continues
26 mins ago
Ningbo's HRC Inventory Rises Slightly, Lunar Year-on-Year Decline Continues
Read More
Ningbo's HRC Inventory Rises Slightly, Lunar Year-on-Year Decline Continues
Ningbo's HRC Inventory Rises Slightly, Lunar Year-on-Year Decline Continues
This week, Ningbo's large-sample HRC inventory was 518,500 mt, up 1,500 mt WoW, an increase of 0.29%, with a lunar YoY decline of 24.94%.
26 mins ago
[SMM In-Depth Analysis] From 90 Million to 260 Million, Production More Than Doubled, the Largest Iron Ore Production Region Outside Australia and Brazil: A Comprehensive Analysis of African Iron Ore
53 mins ago
[SMM In-Depth Analysis] From 90 Million to 260 Million, Production More Than Doubled, the Largest Iron Ore Production Region Outside Australia and Brazil: A Comprehensive Analysis of African Iron Ore
Read More
[SMM In-Depth Analysis] From 90 Million to 260 Million, Production More Than Doubled, the Largest Iron Ore Production Region Outside Australia and Brazil: A Comprehensive Analysis of African Iron Ore
[SMM In-Depth Analysis] From 90 Million to 260 Million, Production More Than Doubled, the Largest Iron Ore Production Region Outside Australia and Brazil: A Comprehensive Analysis of African Iron Ore
53 mins ago
[SMM Stainless Steel Daily Review] US-Iran Ceasefire Boosts Stainless Steel Futures Higher, Stainless Steel Spot Market Shows Signs of Warmth
1 hour ago
[SMM Stainless Steel Daily Review] US-Iran Ceasefire Boosts Stainless Steel Futures Higher, Stainless Steel Spot Market Shows Signs of Warmth
Read More
[SMM Stainless Steel Daily Review] US-Iran Ceasefire Boosts Stainless Steel Futures Higher, Stainless Steel Spot Market Shows Signs of Warmth
[SMM Stainless Steel Daily Review] US-Iran Ceasefire Boosts Stainless Steel Futures Higher, Stainless Steel Spot Market Shows Signs of Warmth
[SMM Stainless Steel Daily Review] US-Iran Ceasefire Boosted SS Futures Higher, Stainless Steel Spot Market Showed Signs of Warming On April 8, SMM reported that SS futures showed a strengthening and upward-probing trend. Influenced by the US-Iran ceasefire agreement, non-ferrous metal futures generally opened higher in the morning session, with SS futures rising in tandem, closing at 14,325 yuan/mt by the midday session. Spot market side, driven by the news, the strengthening of SS futures lifted spot market activity, with inquiry enthusiasm increasing notably. Although downstream buyers had not yet accepted higher offers, traders' quotes had already edged up. The most-traded SS futures contract strengthened and probed higher. At 10:15 AM, SS2605 was quoted at 14,265 yuan/mt, up 65 yuan/mt from the previous trading day. Spot premiums for 304/2B in the Wuxi area ranged from 155-355 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coils in Wuxi remained flat; for cold-rolled trimmed-edge 304/2B coils, the average price in Wuxi remained flat and in Foshan held steady; cold-rolled 316L/2B coils in Wuxi remained flat; hot-rolled 316L/NO.1 coils were quoted flat in Wuxi; cold-rolled 430/2B coils in both Wuxi and Foshan held steady. The stainless steel market is currently in the traditional peak consumption season of "Golden March and Silver April." Downstream demand fundamentals recovered compared with the earlier period, with end-user procurement continuing at a just-in-time pace, and overall trading volume was sufficient to hold quotes firm. However, affected by macro news disturbances and futures fluctuations, downstream end-user clients still maintained a wait-and-see sentiment, showing no willingness to stockpile, and transactions fluctuated with changes in news. Futures side, the Iranian geopolitical conflict...
1 hour ago
The EU’s iron ore imports shrank again this year - Shanghai Metals Market (SMM)