viernes, 25 de mayo de 2012

WRONG ECONOMIC FORECASTS IN STEEL INDUSTRY

Once more since 2008, economic forecasts related with steel industry performance comming from mining and trading groups were wrong. 

Steel Billet price is sharply going down, followed by Hot Rolled Coil, Coal, Scrap, Iron Ore and all other metal commodities. Exactly the opposite of predictions. ¿How can be it explained?. Only if predictions have a non explainable intention.

The Global Economic Crisis with dramatic consequences in Europe is affecting consumers so deeply that industry demand is lower and lower. During April and May, Germany is showing a sharp decrease in orders portfolio, announcing a new recession cycle to cope with.

Nothing has been solved up to now, so the economic crisis is progressing deteriorating social peace to a dangerous point.  

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