Could you share with us your average business volumes in the Stainless Steel Coil markets
Could you share with us your average business volumes in the Stainless Steel Coil markets in which you operate? With the biggest metal recycling network in Romania, Tawil Group exports between 800,000 and 1 million metric tons of ferrous scrap per year. Of this total, 90 percent goes to Turkey, while the remainder is shipped to Greece and Egypt. However, in 2012 the quantity will fall to about 700,000 metric tons due to several reasons, one of which is that the US is selling aggressively to Turkey and Turkey has preferred to buy ex-US and ex-Russia scrap rather than Romanian scrap, as Romanian scrap has remained relatively more expensive. So the current situation forces us to wait for a better market.