it might get worse, page-33

In regards to MGX

You have to think realistically its more mills cancelling or reducing orders for IO.

Not good I would bet. But I have been wrong before.

The positive for us is that we have so little to export and its good quality so we may get in under the radar.
Chris said Posco was taking all they could supply.

Re that previous Market . THE LAST THING WE SHOULD DO IS RAMP UP PRODUCTION. E NEED TO RIDE THIS OUT. Lower staff and go into hiberbnation mode in case the worse case happens. The IO in the ground is not going anywhere.

MGX announcement may be a blessing in disguise for MMX. IT may force MMX to do this before it blows the cash.