I believe I read that China's economy is in much better shape than ours. Growth fell from 11% annually to 7% . They too have implemented a stimulus packeage that will boost their economy. They will be building new railways soon and will require steel.

Canada's economy is driven mainly by Natural Resources/Commodities. If Canada is to recover it will need demand from other countrys. It looks like China is the best bet to be the first to start importing again.

IMHO 7% growth is not too shabby. China does not have the debt load that the US has. Yes demand for China's exports will be slow but it looks like they are best prepared to weather the storm.

I may be way off base but it looks like China is in a good position to buy up foreign companies while they are cheap. We have already seen some examples of that. It is not out of the question to think that they could buy into the ROF because they see the value of the chromium and ferrochrome.

IMHO

SN