US iron, steel trade imbalance widens

Feb 12, 2013 | 10:53 AM | Corinna Petry

Tags  trade balance, imports and exports, iron and steel, copper, aluminum, nickel, tin, zinc China

CHICAGO — The gap between iron and steel imports and exports rose 18.4 percent last year as imports exceeded exports by more than $8.62 billion, according to U.S. Bureau of Economic Analysis data.

Copper continued to trade in a surplus, jumping 66.3 percent from 2011 to more than $2.84 billion.

Aluminum and alumina exports fell 2.5 percent last year, while imports of bauxite and aluminum were down 5.7 percent. Lower imports also were recorded for nickel (down 20 percent to $2.89 billion), zinc (down 16.4 percent to $1.51 billion) and tin (down 14.9 percent to $833 million).....

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