RE: Updated VideoChina SLOWING down will hit all coal met players
Business Outlook
China Precision Steel
"We are very proud of the great strides we have made over the past decade in expanding our production capacity and market share. However, the current global economy continues to be sluggish and China's economy is possibly facing a slowdown. Moreover, as a manufacturer of components for consumer products we are generally considered a leading economic indicator, in that we are among the first in the supply chain to experience economic slowdowns, as well as the first to experience increased demand when the economy rebounds. While we anticipate a slowdown in demand in the near-term