China Armco Metals Provides Financial Outlook for 2010

China Armco Metals, Inc. (NYSE Amex: CNAM), a distributor of imported metal ore and growing scrap metal recycler, today reported its financial outlook for its 2010 year ending December 31, 2010.

The press release is quoted as saying:

China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC and has entered the recycling business with the recent launch of operations of a 1-million ton per year shredder and recycler of metals located on 32 acres of land acquired by China Armco. China Armco maintains customers throughout China which includes the fastest growing steel producing mills and foundries in the PRC. Raw materials are supplied from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, and the Philippines. China Armco’s product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore and steel billet.

Click here to access the entire press release