Longhai Steel, Inc. (LGHS) Well Positioned to Execute Expansion Strategy
Located in Hebei Province, where most of China’s steel is produced, Longhai Steel has captured a great deal of attention and considerable market presence for its ability to fulfill orders in rapid succession within a highly competitive price structure and at a better quality than other suppliers in the People’s Republic of China, or PRC. Subsequent to a facility expansion, Longhai Steel increased its yearly production by 67 percent in the fourth quarter of 2011, going from 900,000 to 1.5 million metric tons of high quality steel wire, in diameters from 5.5 millimeters to 18 millimeters, with production taking place…