LCG 0.00% 6.0¢ living cities development group limited

googled this:"Lakshmi Mittal is confident that, once the current...

  1. 648 Posts.
    googled this:

    "Lakshmi Mittal is confident that, once the current global economic crisis is overcome, world steel demand will grow again at 3-4% per year.

    Governments in China, India and Brazil are all abreast of the need for their markets to expand, he said at ArcelorMittal’s third-quarter results conference. They have many economic stimulus packages and projects in the pipeline: China recently announced a rail refurbishment programme worth up to $300bn, he says"

    I think mittal is one of the world's biggest steel makers.

    no wonder FWL's customers are still keen for thier pig iron in the future. this down-turn looks like it won't really affect fwl plans provided the money turns up in december as planned.
 
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