Armco Metal Holdings, Inc. (AMCO) Enters into Steel Supply Agreement with Midland Resources
Today, Armco Metal Holdings, a distributor of imported metal ores and a steel recycler in China, announced its entrance into a steel supply agreement with Hong Kong-based Midland Resources (China) Company Limited (Midland Resources). Midland Resources serves as the exclusive agent for Shagang Steel Group for sale of its steel products in Hong Kong markets. Midland Resources posting fulfillment of sales of over 400,000 tons of steel products for the steel group in 2013. Shagang Steel Group is known as one of the largest importers of steel scrap in China. In the agreement, Armco Metal Holdings will serve as a…