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ArcelorMittal Message Board

  • bs572 bs572 Apr 10, 2013 2:35 PM Flag

    Steel producers have a glut

    It will take +2 yrs to clear up existing stock piles. Someone has to downsize.
    The trouble is that no owner is willing to be the first as it benefits the others. MT is stuck between their Lending Banks (massive debt and shrinking cash flow) and the Politicians who are controlled by the unions.

    Shangai Metals Corp is the only player that has control of its destiny..

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