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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