Iron, steel trade deficit surges 69.6% in 1st qtr.

May 10, 2012 | 06:04 PM | Corinna Petry

Tags  metals exports, metals imports, trade balance, iron and steel, copper, aluminum, automotive, tin zinc

CHICAGO — The U.S. iron and steel mill product trade deficit grew to $2.39 billion during the first quarter, up 69.6 percent from $1.41 billion in the same 2011 period, as a 31.2-percent gain in imports outpaced a rise of 13.4 percent in exports, according to Bureau of Economic Analysis data.

Copper posted a quarterly trade surplus of $907 million, more than triple the $274-million surplus logged in the same period last year. ....

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