Iron and steel trade deficit grew by 66% in Jan.

Mar 09, 2012 | 02:19 PM | Corinna Petry

Tags  U.S. international trade, iron and steel, aluminum, bauxite, copper, China, Greg Daco, Scott Paul IHS Global Insight

CHICAGO — The U.S. iron and steel mill product trade deficit grew by 66 percent to $400 million in January, after an 18-percent rise in imports outpaced a 1.4-percent rise in exports compared with December.

Copper posted a trade surplus of $269 million in January, up 15.5 percent from December’s surplus of $400 million, as imports dropped 16.4 percent and exports fell 4.9 percent, according to data from the U.S. Bureau of Economic Analysis.....

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