'A Lot More Pain Before Any Gain'

Triplett, Tim
February 2009
Metal Center News;Feb2009, Vol. 49 Issue 2, p2
Trade Publication
The article focuses on the views of Eli Lustgarten, senior analyst with Longbow Research, on the U.S. economic condition. During a conference, Lustgarten told the audience that the American economy and the steel industry are facing serious challenges, however, he believes that the fourth quarter 2008 results do not forecast the condition of the economy. He predicts that manufacturing activity will soften in 2009 as companies control production and employment while they liquidate inventories.


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