The company recently updated shareholders on operations; noting that by December 31, 2011, it had secured and shipped three orders to deliver chrome ore to trading firms serving iron and steel producers in China. The orders included a combined volume of 24,000 tons with an aggregate value of approximately $3.89 million. Two additional shipments of a combined volume of 8,000 tons with an aggregate value of approximately $1.72 million are to be delivered by the end of the first quarter of 2012.
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the Peoples Republic of China (PRC) and is in the recycling business in the PRC. China Armco’s customers throughout China include some of the fastest growing steel producing mills and foundries in the PRC. Raw materials are acquired from a global group of suppliers located in diverse countries, including, but not limited to, Brazil , India , Indonesia , Ukraine and the United States . China Armco’s product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore, steel billet and recycled scrap metals. For more information about China Armco, please visit http://www.armcometals.com.
China Armco Metals (CNAM) Stock Quote and News:
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