Sutor Technology Group Limited, a China-based private sector manufacturer of finished steel products, announced Thursday that it has signed four sales contracts with four steel distributors located in central and eastern China for a total of 31,800 metric tons of galvanized steel coils worth approximately $25 million based on current market prices, according to a company press release.
Under the contracts, Sutor will supply a total of 28,800 metric tons of hot dip galvanized steel coils and 3,000 metric tons of pre-painted galvanized steel coils (PPGI) to Hubei Foreign Economic Relations and Trade Investment & Management Co., Ltd. and three other steel distributors.
Sutor is mainly specialized in the production, research and development of fine finished steel products and welded steel pipes used by steel fabricators and in infrastructure projects.