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bunky

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bunky

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Saturday, 07/03/2010 9:52:38 AM

Saturday, July 03, 2010 9:52:38 AM

Post# of 94785
CNAM..."china says 2009 growth even faster than thought"... in it says that their is overcapacity in STEEL markets, and they will be hit the hardest because they have the biggest OVERSUPPLY and foreign demand is weak said Lu Zhengwei, senior economist for Bank of Shanghai. Steel producers, which expanded output as demand from stimulus-financed construction projects surged have 16 million tons of unsold stock, state tv said friday. it said mills are selling steel at below cost...

The problems in the steel industries will have a clear negative impact on the chineese economy,"Lu said...

what effect will this have on CNAM??? news rpt 7/2/2010

comments welcome...


BOH
CharlieB
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