FOREIGN TRADE IN IRON ORE IN EU COUNTRIES

1 ROKICKI Tomasz
Institution:
1 Warsaw University of Life Sciences, Warsaw, Poland, tomasz_rokicki@sggw.pl
Conference:
28th International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 22nd - 24th 2019
Proceedings:
Proceedings 28th International Conference on Metallurgy and Materials
Pages:
1983-1988
ISBN:
978-80-87294-92-5
ISSN:
2694-9296
Published:
4th November 2019
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
55 views / 23 downloads
Abstract

The aim of this article is to present the relationship between the foreign trade in iron ore in European Union countries and the overall economic situation. The study covers the period from 2001 to 2017. The sources of materials include literature, date from the EUROSTAT, World Steel Association and World Bank. The following methods have been used in this paper: descriptive, graphic and the Pearson linear correlation coefficient. The findings of the study indicate that steel use, production of industry sectors and Households consumption were generally most closely linked to changes in import of iron ore in the EU. The exceptions were GDP per capita, value of export, value of import, value of construction industry, prices of iron ore which did not indicate such a link. EU countries were net importers of iron ore. The only exceptions were the Netherlands and Sweden.

Keywords: steel industry, iron ore, import, export, steel production, European Union
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