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USS watching imports but no surge expected

February 03, 2012 - 00:01 GMT Location: Toronto

KEYWORDS: U.S. Steel , John Surma , steel imports , steel prices

U.S. Steel Corp. continues to keep a close eye on import volumes, but with the North American supply chain now more "well-developed" than in the past, most customers won’t need to look offshore to meet their requirements, the company’s top executive said.

Looking forward, "availability should not be as much of an issue for North American customers," Surma said.

Since the recession of 2008 and 2009, Pittsburgh-based U.S. Steel has worked to restore inventories of steel products to better serve customers, Surma said. "In the carnage of ’08 and ’09, we probably went a little too far in drawing down and weren’t able to supply as...

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