Prepared by Irma Alonso Álvarez and Frauke Skudelny
increased slightly (by around 2%), primarily owing to iron ore dynamics. Iron ore prices rose on account of increasing demand for highgrade iron ore in the aftermath of a restructuring of the steel industry in China, affected by the implementation of environmental reforms. 0 20 40 60 80 100 02/98 12/03 12/03 07/08 07/08 ...