Steel-goods maker Sutor Technology signs contracts worth $40 million at …

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Steel-goods maker Sutor Technology signs contracts worth $40 million at current prices
Chinese pipe and steel-products maker Sutor Technology Group Ltd. said Wednesday it signed four cont
WED MAR 10 14:27:16 2010
March 10, 2010 – 2:27 PM
Test:1:MAR – 2:10 – 3-14 – 4-27 – 5-16 – 6:2010
DALLAS (AP) – Chinese pipe and steel-products maker Sutor Technology Group Ltd. said Wednesday it signed four contracts worth about $40 million at current prices.
The contracts for 52,000 metric tons of processed steel products run for one year beginning this month. The products will be priced at time of shipment.
The contracts are with solar water heater manufacturer Shandong Sangle and three Chinese steel distributors.
Sutors shares rose 7 cents, or 2.3 percent, to $3.03 in afternoon trading.

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