PLNI - Game Over Message Board

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Microcap & Penny Stocks : PLNI - Game Over

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To: Jeffrey S. Mitchell who wrote (2831)	2/28/2006 10:10:31 AM
From: scion	Read Replies (1) of 12518

The price of steel is skyrocketing, which gives distributors and construction companies yet another reason to use our recycled plastic rebar supports rather than steel. This is true both domestically and internationally. Plasticon Builds Foundation in 2005, Now Positioned for Dramatic Growth in 2006 LEXINGTON, KY -- (MARKET WIRE) -- 12/30/2005 -- CHINA'S STEEL PRODUCTION GROWTH IS RAISING FEARS OF GLOBAL OVERSUPPLY Fear of excess capacity is growing. This is piling downward pressure on steel prices and compressing producers’ profits. One manifestation of their declining profitability is the effort by the mills to play a bigger role in negotiating benchmark iron ore prices this year. The Chinese clearly fear that Japanese and European mills do not have quite the same incentives to cut input costs at this time. meps.co.uk

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