John Surma
John Surma
John P. Surmais an American businessman. He was the executive chairman of the board of United States Steel Corporation. Surma retired as CEO of U.S. Steel effective September 1, 2013, and Chairman effective January 1, 2014, positions he held since 2004...
capacity economic environment full global intend market near operate positive second
We benefited from a positive global economic market and there is a positive environment at least through mid-year. We intend to operate as near to full capacity as we can in the second quarter.
across business continued demand firm improved previous prices quarter reflecting results robust strong
We had a strong first quarter with results significantly improved from the previous quarter, reflecting robust demand and continued firm prices across all business units.
demand developing economy-and-economics goes steel
Typically in a developing economy, the demand for steel goes up exponentially.
continue interest
I think it is in our interest to continue that process.
addition based challenges coast commitment companies disaster effort five funding gulf individual industry initiative investment market million north past provides rebuilding relief seeing solutions steel strength
The strength of this commitment is based on the significant investment made by the industry in Market Development over the past five years that provides steel-based solutions to the rebuilding challenges we're seeing in the Gulf Coast region. The $1.1 million funding for the Gulf Coast Steel Initiative is in addition to more than $7 million already contributed to the disaster relief effort by North American steel companies on an individual basis.
colleagues committed fair favor free full involves law others position problem trade whether
So we have no problem with imports. Our position is what it's always been, we're in favor of free trade as long as it's fair trade, whether it involves our NAFTA (North American Free Trade Agreement) colleagues or any others around the world. So we're committed to maintaining full trade law enforcement.
beginning commitment confidence financial increase increasing outlook percent reflects since third
This 50 percent increase in our quarterly dividend rate, the third increase since the beginning of 2005, reflects our confidence about our financial outlook and our commitment to increasing shareholder value.
attractive compared nobody ourselves shows talk
It shows we've developed, made ourselves competitive and we're attractive compared to where we were in 2001 when nobody would want to talk to us.