According to a report released by the German Federal Statistical Office (Destatis), in December 2011 the import price of iron ore increased by 14.6 percent year on year in Germany, while it decreased by two percent as compared to November. In December, the average import price of pig iron, steel and ferroalloys in Germany fell by 2.8 percent year on year, while it decreased by 0.2 percent compared to November.
In 2011, the index of import prices for iron ore was up 34.6 percent over the previous year's average level, while the import price index for iron and steel and ferroalloys increased 8.8 percent in 2011 compared to 2010.