steel industry to recover in 2009

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.