Armco Metals Holdings Inc. (fka AMCO)

[CER3]

Armco Metals Executed A Sales Contract Valued $9.58 Million With Bao Steel For Steel Billets 11/24/2014

Link to Article:

http://www.baystreet.ca/viewarticle.aspx?id=423327

Armco Metals Holdings, Inc. ("Armco Metals Holdings") (NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that its Armco Metals International, Inc. subsidiary ("Armco International") executed a sales contract valued $9.58 million with Bao Steel Resources International Company Limited ("Bao Steel Resources") for steel billets selling.

Under the terms of the agreement, Armco International would sell steel billets in an amount of 20,000 Metric Tons to Bao Steel Resources with total contract value of $9.58 million. The shipment for the total amount of the cargo under the contract was made in the week of November 17, 2004 as per the contract. The destination of the shipment is Yanbu Commercial Seaport, Saudi Arabia. It is the first transaction between Armco International and Bao Steel Resources for steel billets sales and we expect more business for steel billets between two parties if the first transaction goes smoothly.


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