Letter to the Editor: Come On CISA...Really?!?

The following letter to the editor was received over the weekend from Peter Brebach, CEO of Iron Angels of Colorado, in response to an article written about the Chinese Iron and Steel Association (CISA) who recently complained about the Chinese mills being pointed at as being responsible for the steel industry woes in the rest of the world. Here is what Mr. Brebach had to say:

So, the Chinese Iron & Steel Association (CISA) is “astonished” at the accusation by several non-Chinese steel associations that China is the main culprit for the current worldwide overcapacity; really?!?
 
How can they argue with the obvious? China’s steel production exceeds their annual domestic steel usage by at least 300 million tons (and there is capacity for more), which in turn also constitutes 70% or better of all worldwide overcapacity. If such statements are not considered beneficial or responsible by CISA or not helpful in solving the global problem, then I wonder how Chinese overcapacity and their habit of dumping these mostly subsidized extra tons on the world market is beneficial or helpful to solving these problems.