According to a report released by the German Federal Statistical Office (Destatis), in January this year the import price of iron ore decreased by 8.3 percent year on year in Germany, while it was down 17.9 percent as compared to December 2011.
In January, the average import price of pig iron, steel and ferroalloys in Germany fell by 6.9 percent year on year, while it decreased by 0.3 percent compared to the previous month.