Project Unit : Tianjin Yayi Steel company

1. Total estimated Investment : 60 million USD

2. Terms of Investment : cooperative

3.Ratio of the Investment : Chinese side 50% foreign side 50 %

4.The Estimated Term of Investment Reclaim : 4 years

5. Contact Address: Tianjin Metallurgical Industry General Company

6.Contact Person : Liu Yue-ying

7.Tel : 86-22-23316853

8.Fax : 86-22-23397770

Market Prospect:

At present , the domestic production of galvanized steel plate is 1 million ton and that of colour-coated plate is 320,000 ton, which are almost manufactured in south China . The production of that in mid China , North China & Northwest China is just a little and is unevenly dotted. With the development of such sectors as auto-mobile , domestic electrical appliances & etc. ,the demand on the galvanized steel plate is increasing rapidly . It is estimated that the domestic demand on hot-soaked galvanized steel plate will be 2.7 million ton , and on colour-coated plate 800,000 ton , and on colour-coated plate 800,000 ton by 2005, facing a brilliant market.

A Survey of the Chinese Partner

Tianjin Yayi Steel Company Ltd. was first built in 1940 , mainly producing pipe plate & belt materials , such as hot-rolled plates ,cold-rolled belts , high-frequency welded pipes & etc. , which are in high quality and low price and sold all over China. The company covers an area of 360,000 M and has a fixed assets of 100 million yuan . The company is also situated at a wonderful location with excellent traffic facilities and public works .