Carlo Panunzi Quotes

We are seeing heated demand for long products generated by the civil construction sector. This year should be the fourth-consecutive year we will see record consumption.

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In Brazil, the last four years have showed virtually no growth at all. Our expectations are for growth of between 5 and 7 compared with 2005, with that growth closer to 7.

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We are concerned about the fact that this value creation could be a risk within a larger group as it is proposed today. Simply because of the value of the assets that are lying on the other side and in the competitors' hands.

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Anyhow, it is not a very important business and mainly active in Europe.

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