Sutor Technology Group Limited, a leading China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has entered into a supply agreement for 12,000 tonnes of spiral seam steel pipes with Middle East Dredging Company (MEDCO), a company established in Qatar and specialized in capital dredging works, through a complementary fleet of dredging vessels, reclamation and other equipment. MEDCO intends to use the steel pipes for an oil transportation project in Qatar.

Under the agreement, the total contractual amount is approximately $10 million. Sutor expects to start delivering the steel pipes in September and complete the delivery by 15 December 2012.

Ms. Lifang Chen, Chairwoman and CEO of Sutor, commented, "Sutor is proud to partner with MEDCO, a leading dredging and reclamation contractor which has been involved in a number of prestigious projects in the Middle East. With this supply agreement, we believe Sutor’s presence and reputation in the region have been enhanced and strengthened. In the highly competitive global steel industry, we believe that our focus on providing customers with outstanding service and superior products has made Sutor a supplier of choice for a growing list of customers in more than 30 countries."

Sutor is a leading China-based non-state-owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications. The company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. These products are used for household appliances, solar water heaters, automobiles, information technology, construction, and other applications. Currently Sutor has three major operating subsidiaries located in two provinces with 12 production lines capable of processing approximately 2 million tonnes of steel products annually.