Armco receives 60,000 tonnes of scrap steel order

Armco (Lianyungang) Renewable Metals Inc., a wholly-owned subsidiary of China Armco  Metals Inc., has entered into a sales agreement with Jiangsu Lihuai Lron & Steel Co. Ltd. According to the agreement, China Armco’s subsidiary will supply on average 5,000 metric tonnes each month, totalling 60,000 metric tonnes, of various scrap steel to the client in 2013. “We continue to strengthen our business relationship with this important client in 2013 by entering into the annual supply agreement; which we intend to pursue long term orders from other large clients to achieve steady growth in 2013,” said Mr. Kexuan Yao, Chairman and CEO of China Armco. “Receiving this large order from one of the largest steel companies in China is a great start for the promising year of 2013, and we are looking forward to working with all of our customers and achieving a productive year.”