According to media report, China Armco Metals Inc, one of the largest metal recyclers in China made it public that Armco (Lianyungang)Renewable Metals Inc, its wholly owned subsidiary, has inked a sales agreement with China's Jiangsu Lihuai Iron & Steel Co., Ltd., a subsidiary of Jiangsu Shagang Co. Ltd. to provide total 60,000 tons of various scrap steel in 2013.
Over the years, China Armco has built up a long term partnership to work closely with the largest privately owned steel company in China.