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China Armco Metals, Inc. (NYSE Amex: CNAM) reported that Armet Renewable Resource Company, Limited, the Company’s wholly owned subsidiary, has signed a contract to supply a major Chinese steel producer with up to 230,000 tons of scrap steel in 2010.
China Armco Metals, Inc. (NYSE Amex: CNAM) reported that Armet Renewable Resource Company, Limited, the Company’s wholly owned subsidiary, has signed a contract to supply a major Chinese steel producer with up to 230,000 tons of scrap steel in 2010.
The press release is quoted as saying:
The Company’s product lines include ferrous and non-ferrous ore; iron ore, chrome ore, nickel ore, copper ore, manganese ore and steel billet. Upon completion and testing of its new facility late in the fourth quarter of 2009, China Armco Metals expects to launch operations in its steel recycling and scrap metal recycling business early in 2010
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