Steel mill product trade deficit shrinks

May 09, 2013 | 12:46 PM | Corinna Petry

Tags  iron, steel, steel mill products, copper, aluminum, bauxite, trade balance, Gregory Daco IHS Global Insight


CHICAGO — The trade deficit between iron and steel mill product imports and exports, valued at $544 million, fell 20 percent in March after growing 11.5 percent in February as imports declined at more than twice the rate of exports, according to the U.S. Bureau of Economic Analysis.

The balance of trade in copper moved to a $76-million deficit in March from a $174-million surplus in February. For the first quarter, the red metal logged a $55-million deficit vs. a $915-million surplus in the year-ago quarter.....





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