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Belong to China Minemetals Corporation and charged with the import and export steel business and domestic steel trade, Minmetals Steel Co, Ltd is the largest enterprise specializing in steel trading in China.
Approved by the Ministry of Foreign Trade and Economic Cooperation, Minmetals Steel Co, Ltd (formerly known as the Steel Import Department of China Minmetals Import & Export Corporation) was founded in January 1997. In May 1997, the company, as the superior assets, was included by Minmetals Development Co, Ltd.
In 2007, the company recorded a transaction of 14.41 million tons of steel, of which the import and export amount was totaled to 870,000 tons with the revenue of $1.04 billion; the domestic business was summed to 13.54 million tons with the revenue of $6 billion.
Bestowed with the largest distribution network, the company has made great contributions to enhancing the efficiency of the supply chain, stabilizing the sales channels and reducing the transaction coast in the steel market.
Abiding by contracts and keeping its word, the company has long been enjoying a high reputation in the foreign trade activities. With its strong economic power, it has not only established a long-term friendship with the world steel powers, but also a strategic union with the domestic famous steel enterprises. In this way, it has set up an improved service system and a sales network covering markets at home and abroad, through which it provides the systematic services in regard to the “two kinds of resources” and “two markets”. The company commits itself to acting on behalf of its customers and creating benefits for its customers to the highest extent.
The main means adopted by the company are trade agency, distribution and value-added service. Through these ways, it directly provides various types of steel and services for distributors, retailers and direct users all over the country. The company’s strategic goal is to develop itself into a steel distributor and value-added service provider with the most competitive power in China as maintaining its leading role in the steel trade market.
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