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 Chairman's Message |
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China Gerui Advanced Materials Group Limited has been growing rapidly over the years with the largest production of specialty precision cold-rolled steel in China. Despite the recent economic crisis, the Chinese Government has unveiled a RMB 4 trillion stimulus plan to spur economic growth, boosting the domestic pillar industries including steel industry, electronic information industry, automobile industry etc., which greatly benefits our company. While the overall steel industry has recently experienced a period of excess supply, there is an increase in shortage of supply in the high-end, high-value thin steel sheets and galvanized steel products that we produce in China. We are able to continue to leverage our position as one of the largest manufacturers of high-precision cold-rolled narrow strip steel products in China to win additional market share. We have healthy gross and operating margins thanks to a business model that we believe is cost efficient and scalable and our continuous focus on producing more profitable, higher value-added products. |
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