China Armco Metals, Inc. (CNAM) Enters into Scrap Steel Supply Contract with Chinese Steel Producer
China Armco Metals Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals in China. It also is a metal recycler in China. The company maintains customers throughout China which include the fastest growing steel producing mills and foundries in the country. The company recently announced that Armet Renewable Resource Company Ltd., its 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 contract calls for the delivery of up to 23,000 metric tons of scrap steel per month for 10 months…