U.S.Steel: China is absorbing world's surplus production capacity

摘要

China's soaring economic growth is absorbing surplus production capacity,and in turn,is helping to reduce the threat of excessive steel exports to the U.S.,according to John Surma,the CEO of U.S.Steel."After some very long periods of difficult prices,we've seen the glimmer of some price increases coming in China," Surma said in a conference call with analysts."What we do see anecdotally is a more robust domestic economy that's managed to chew up a little more of that supply than we might have anticipated."