Its not about countering, its more about surviving. 'i don't see this card as one which can be in its currently state countered, you can only pray for the sake that your opponent loose that much recruits that he is not able to play a finisher effectively, which happened in the replay with the phoenix, giving enough time to win via recources :D
Currently, countering steelbeard is at one point impossible, the only thing that can get you a win is a lucky common draw (like wish) or a recource victory