Shanghai Molitec Steel Co., Ltd. announced that it expects to receive $1 million in funding from Molitec Steel Co., Ltd.

MOLITEC STEEL CO.,LTD. is mainly engaged in the sale of special steel strips, the manufacture and sale of hardened steel strips and metal processed products. The Company operates through four business segments. The Trading segment is engaged in the sale of special steel strips including hot-rolled steel strips, stainless steel strips, and ordinary steel products. The Heat-treated Steel Strip segment is engaged in the manufacture and sale of heat-treated steel strips made from specialty steel strips, such as bainitic steel strips. The Processed Sheet Metal Product segment is engaged in the manufacture and sale of processed sheet metal products including cord reels and springs. The Overseas segment is mainly involved in the sale of steel products to countries such as Thailand, China, Vietnam, Indonesia and Mexico, as well as sale and processing of steel products, and the manufacture and sale of parts for home appliances, agricultural machinery and automobiles.