Iron, steel mill product deficit shrinks in May

Jul 12, 2012 | 10:34 AM | Corinna Petry

Tags  Trade gap, U.S., China, iron and steel, copper, aluminum, Gregory Daco, IHS Global Insight Alan Tonelson

CHICAGO — The value of the U.S. trade deficit for iron and steel mill products shrank in May, and while copper remained in surplus, it registered a decline compared with April.

The iron and steel mill product trade deficit was valued at $715 million in May, down 23.5 percent from a $935-million deficit a month earlier, the Bureau of Economic Analysis reported Wednesday. While the value of imports for the product fell 11.2 percent, export values dropped only 0.3 percent month on month.....

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