US steel trade deficit sinks, copper up

Jan 09, 2014 | 07:55 PM | Corinna Petry

Tags  U.S. trade balance, iron and steel, copper, aluminum, nickel, zinc, bauxite, metal exports metal imports

CHICAGO — The U.S. iron and steel mill products trade deficit decreased in November from the previous month while copper’s trading surplus increased, according to an analysis of the latest U.S. Bureau of Economic Analysis data.

Iron and steel mill product exports decreased 1.8 percent in November while imports fell 9.7 percent compared with October, resulting in a 20.1-percent drop in the trade deficit to $579 million from $725 million. The iron and steel mill product trade deficit for the first 11 months of the year totaled $6.28 billion, down 20.7 percent from $7.92 billion.....

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