US iron, steel trade imbalance shrinks

Mar 08, 2013 | 05:08 PM | Corinna Petry

Tags  Trade balance, iron and steel, metallurgical coal, scrap, ores, copper, aluminum, Alliance for American Manufacturing IHS Global Insight

CHICAGO — The gap between iron and steel mill product imports and exports fell 12 percent in January vs. December as imports exceeded exports by just $574 million, according to U.S. Bureau of Economic Analysis data.

But after two years of monthly trade surpluses, copper recorded a $153-million deficit in January, with imports rising 34.6 percent and exports falling 8.3 percent from the previous month.....

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