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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