Prospects of LBF Sample Clauses

Prospects of LBF. LBF is expected to commence its commercial operation in the financial year ending 30 June 2013. According to the IMR Report, the demand for slabs in ASEAN is being satisfied mainly by imports and the demand for slabs is likely to increase from an estimate of 7.45 million MT in year 2010 to an approximate of 12.81 million MT in year 2020. In view of the positive prospect in the slab market, the Blast Furnace Project upon its commissioning would be able to sell into a ready market that is experiencing increasing demand for slabs consumption which is currently being satisfied by imports of slabs into the ASEAN market. Accordingly, LBF is expected to benefit from the projected growth of slab consumption in the region by leveraging on this growth as it is strategically located within the ASEAN region.
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