Woulfe Mining Corp WFEMF

Demand for " Steel " Down

[Goldendream]

While watching the CNN News the other day I noted that they were saying the " International Demand for Steel " was going to be down at least to some degree due to the "International Economic Conditions" which are presently plagueing the world.  This would indeed effect any plans IMC might have in future developement and expansion. Not good news but something investors should keep a sharp eye on in the days ahead. GLTA.

[StockExpertPro]

IMC is a tungsten tool making company. IMC the parent company of Taegutec revealed their new factory plans in South Korea. IMC is building a new tungsten tool making factory in South Korea. They will need the long term tungsten supply in South Korea which is the main ingredient for their tool making. They plan on growing their tool making company regardless of what the steel prices are.https://www

[Majormac79]

https://www.bloomberg.com/news/2012-09-17/iron-ore-ships-rebounding-as-china-spends-158-billion-freight.html "Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program."