Guangzhou Steel Exchange Center, the biggest steel electronic trading market with most complete varieties in Guangzhou, opens in Guangzhou Development Zone in March 6th, 2008. It is co-invested by China Minmetals Corporation, Guangzhou Iron, Steel enterprises Group and other great enterprises. It is expected to achieve spot transaction volume of 2 million tons at the end of this year and becomes the largest steel trading market in South China within two years, the largest steel trading market in China with five years. The price inside will become a price vane for domestic and international steel market.
Guangzhou, as the largest steel distribution in the world, is a competitive and important market for all steel enterprises in home and abroad with the annual steel turnover of more than 30 million tons. Mr. Liu Jianming, Chairman of Guangzhou Steel Exchange Center expresses that: it will continue to attract large domestic steel enterprises for cooperation, ensuring the advantages in sourcing and price, expanding the exchange volume and enhancing processing and distribution service. Guangzhou Steel Exchange Center aims to be listed in China or HK Stock within three to five years.
