electrical steel, though a recent Citibankreport cited industry newsletters reporting Beijing had alsoorder a probe of Russian flat steel imports. In response they have boosted exports, though this has ledto a growing threat of tariffs and other anti-dumping measuresagainst Russian steel by Chinese and other buyers.[ID:nL9599127] Thus far, China’s sole move has been a June investigationinto Russian and U.S. “The fact that some ideas were presented is positive, but weneed more concrete details on how this will be carried out,”Deutsche Bank analyst Olga Okuneva said. “Right now all of these need to be turned into concretemeasures to stimulate demand for steel”.
Steel makers in Russia, the world’s fourth-largest producer,have suffered from a decline in orders from the construction andautomotive sectors as the global economic slowdown cuts demand. As the prime minister and Industries Minister ViktorKhristenko gave proposals to support the crisis-hit sector,analysts said more concrete measures were neccessary. “Our domestic output is being discriminated against, inreality we see such policies widening in certain countries,”Putin told a meeting with top Russian steel barons. * Putin vows to stimulate domestic demand, promote exports Stocks | China | Russia * Says local producers affected by China anti-dumping case * Govt to grant 50 billion rouble to rail monopoly in 2010 * Evraz stock outperforms peers (Adds details, additional quotes) By Gleb Bryanski MAGNITOGORSK, Russia, July 24 (Reuters) – Prime MinisterVladimir Putin pledged on Friday to help Russia’s steel sectorby stimulating demand for metal and taking steps to offsetprotectionism in other countries. Casella does not necessarily intend to update publicly anyforward-looking statements whether as a result of new information, futureevents or otherwise, except as required.Contact:Ned ColettaDirector of Investor Relations(802) 772-2239Media Contact:Joseph FuscoVice President(802) 772-2247Copyright 2009, Market Wire, All rights reserved.-0-. There are a number of other important risks and uncertaintiesthat could cause Casella’s actual results to differ materially from thoseindicated by such forward-looking statements.
These additional risks anduncertainties include, without limitation, those detailed in Item 1A,”Risk Factors” in Casella’s Form 10-K/A for the year ended April 30,2009. Such risks anduncertainties include or relate to, among other things: Casella may beunable to reduce costs or increase revenues sufficiently to achieveestimated EBITDA and other targets; landfill operations and permit statusmay be affected by factors outside its control; Casella may be requiredto incur capital expenditures in excess of its estimates; fluctuations inthe commodity pricing of its recyclables may make it more difficult forCasella to predict its results of operations or meet its estimates; andCasella may incur environmental charges or asset impairments in thefuture. Such forward-looking statements, and all phases ofCasella’s operations, involve a number of risks and uncertainties, anyone or more of which could cause actual results to differ materially fromthose described in its forward-looking statements. Casella cannot guarantee that it actually will achieve theplans, intentions or expectations disclosed in the forward-lookingstatements made. Theseforward-looking statements can generally be identified as such by thecontext of the statements, including words such as Casella “believes,”"expects,” “anticipates,” “plans,” “may,” “will,” “would,” “intends,”"estimates” and other similar expressions, whether in the negative oraffirmative. All of these forward-looking statements are based on currentexpectations, estimates, forecasts and projections about the industry andmarkets in which Casella operates and management’s beliefs andassumptions.
