Sutor Technology Group Limited announced that Ningbo Zhehua Heavy Steel Pipe Manufacturing Co Ltd, a subsidiary of Sutor, has signed a contract to supply steel pipes to Baosteel Xinjiang Bayi Iron & Steel Company Limited Bayi Iron & Steel is a subsidiary of BaoSteel.

Ms Lifang Chen CEO and Chairwoman of Sutor said "We are pleased to expand our customer base through this new contract win which demonstrates the quality and market position of Sutor. With Chinese economy continuing to grow and inflation likely being under control, we are pleased with our current operations and anticipate a successful fourth fiscal quarter."