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Re: Brennus post# 3283

Wednesday, 09/09/2009 7:23:16 AM

Wednesday, September 09, 2009 7:23:16 AM

Post# of 94785
More positives for CHGS:

Further bolstering point #2, August steel production in China was a record:

http://www.bloomberg.com/apps/news?pid=20601089&sid=anRuHGXkgY1I

"Sept. 9 (Bloomberg) -- China, the world’s largest steelmaker, increased output to a record in August as government spending spurred building and manufacturing demand, according to industry publication Umetal.
Output was 51.7 million metric tons last month, Umetal analyst Hu Yanping said today, citing data from the China Iron & Steel Association. The country produced 50.7 million tons in July, according to the National Bureau of Statistics, which will announce official August output this week."

That's high cotton for CHGS. It's going to be a good 2h09.
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