POM - NON RATED - Hard times ahead - Visit Note
  • 2011-12-19T00:00:00
  • Company Research
Our meeting with management last week confirmed our view that the steel sector in general and Pomina in particular have had a very tough time in 2011, and that 2012 may not be much better. Resolution 11 to limit public investments depleted domestic demand and the steel sector shrank by approx. 8% in 2011.