According to a report released by the German Federal Statistical Office in December 2011 the import price of iron ore increased by 14.6% YoY 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% YoY while it decreased by 0.2% compared to November.

In 2011, the index of import prices for iron ore was up 34.6% over the previous year's average level, while the import price index for iron and steel and ferroalloys increased 8.8% in 2011 compared to 2010.

(Sourced from SteelOrbis)