Recession reports - Mr Bolfo sees no chance of recovery in 2009
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Monday, 27 Apr 2009
Mr Peter Marsh of Financial Times quoted Mr Bruno Bolfo chairman and owner of Duferco as being one of the gloomiest steel observers.
The report cited Mr Bolfo as saying that “There will be no recovery in steel in 2009.’
Mr Bolfo said. “I can see overcapacity in the industry for the next five years.”
(Sourced from Financial Times)
