ZHENGZHOU, China, March 20, 2014 /PRNewswire-FirstCall/ -- China Gerui Advanced Materials Group Limited (NASDAQ: CHOP) ("China Gerui," or the "Company"), a leading high-precision, cold-rolled steel producer in China, today announced unaudited financial results for the three months and twelve months ended December 31, 2013.

"We are pleased that we met our revenue guidance for the fiscal year 2013 although the fourth quarter's results reflected the ongoing challenging macroeconomic conditions that began more than two years ago," commented Mr. Mingwang Lu, Chairman and Chief Executive Officer of China Gerui. "We continue to monitor the market conditions affecting the steel industry's performance to maintain our cold-rolled steel operations and further deploy our specialized steel lines to optimize our return on investment and improve our market position. We expect market conditions to improve over 2014 and beyond as the central government's policies and objectives are driving a restructuring of the steel industry. China Gerui is well positioned to benefit from these changes with its position as a leader in high-precision cold-rolled steel and innovative new steel products to capture customers and market share as the restructuring unfolds."

To continue reading this noodl, please get the original version here.

distributed by