Replies to post #677 on China Armco Metals Inc. (CNAM)

[Spudder]

This is a great contract! 2012 numbers don't quite add up though. Either a miss print or Usiminas is going to expand its production capabilities by quite a bit.

Usiminas (BM&F Bovespa: USIM3, USIM5 / NYSE: USNZY / BMAD: XUSIO, XUSI) is one of the largest producers of steel in the Americas, with major steel mills in Brazil with a total capacity of 9.5 million metric tons of steel per year. The Company accounts for 28% of the total steel output in Brazil.

We are delighted to commence our partnership with international giant steel mills such as Usiminas," said Mr. Kexuan Yao, Chairman and CEO of China Armco. "With the intention of the Usiminas to deliver 3 million metric tons of iron ore in 2011, as well as potentially 20 million metric tons in 2012 to China