Iron ore imports into the European Union (EU) have seen an 11.2% year-on-year decline in January-October 2023, with a significant drop in shipments from Brazil, now surpassed by Canada as the top supplier. Banchero Costa's report highlights the EU's position as the third-largest global importer after China and Japan. Rotterdam remains a key gateway port, handling a substantial portion of imports. The article underscores the challenges faced by Europe's steel industry and analyzes the shifting dynamics in sources, ports, and volumes, providing insights into the evolving iron ore trade landscape in the EU.

SOURCE: GOOGLE