US MILLS SCRAMBLE TO MEET SURGING CHINESE DEMAND

摘要

Economic and market factors are converging to create what might be the largest spurt of US steel exports in years, with most of the shipments bound for China. "I can't recall a previous time when the US market has been as depressed simultaneously with such a boom occurring in China," one trader said. A combination of frenzied Chinese demand, a soft domestic market and the relative weakness of the dollar has presented integrated producers and minimills with their first opportunity to export steel in a number of years.