As Sinosteel MECC received on December 1, 2008 the advance payment of the vacuum pump and vibrating screen equipment supply contract for VALE(CVRD)’s new pelletizing plant in Tubar?o, the contract’s effectiveness starts herefrom.

In Sinosteel MECC’s marketing strategy, Brazil is one of the most future-prosperous overseas markets and VALE, the world famous mining company, is one of the most remarkable clients. The equipments for the 7.5 mt pelletizing plant that Sinosteel MECC supplies to VALE is the first procurement of pelletizing equipments of VALE from China. Through this contract, Sinosteel MECC has become the qualified equipment supplier of VALE, which creates favorable conditions for further deploying of markets and building a wide range of overseas markets. Despite of the global financial crisis, Sinosteel MECC will make its full endeavor to fulfill the obligation in the contract and satisfy VALE with excellent equipments quality and value-added service.