Yes,i am facing it...I work in the Steel Industry.It's in Doldrums,every morning all i hear is that the prices have gone further down.Production has been cut in all the major steel mills of the world,in order to stabilize the market but is it working?
Reputed Customers are backing out of old contracts..Jebel Ali port has 1 million tons of unclaimed steel cargo..port congestion..the bankers,who are affected by the global credit crunch,have started playing their games with customers..
I heard the property market in the UAE,has crashed too..I don't want to paint a gloomy picture but i seriously think that these are testing times.My survival instincts have already started kicking in....
Is this the first serious thing i have written>>?
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