"Businesses are very aware and are going to be very cautious," Anika Khan, Wells Fargo director and senior economist, told IM. "They'll continue to be on the fence." "If you look at Europe, it's a mixed picture," [Stefan Schlag] told IM. "It did pick up after the crisis, [but] the construction segment in Southern European countries is showing weakness." "The automotive industry is less reliant on iron oxide, and the downturn impact in this industry sector has been less problematic for iron oxide," [Steven Spackman] told IM.
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