Longhai Steel Inc., producer of high-quality steel wire products in the People’s Republic of China, today announced that the Company sold 295,635 metric tons (MT) of steel in the quarter ended June 30, 2012. The second quarter 2012 sales volumes reflect a 22% increase from 242,337 MT sold in the first quarter of 2012 and a 10% increase from 267,938 MT in the second quarter of 2011.

“We continue to see strong demand for our products,” explained Steven Ross, Executive Vice President of Longhai Steel. “Despite an industry-wide slowdown in steel demand during the second quarter, we had record sales volumes. These results were even more impressive since our high quality steel wire production did not come online until the end June. We are hopeful that recent actions by the Chinese government to stimulate economic growth will result in strong demand for our steel products in the second half of this year.”

Longhai Steel will report its second quarter 2012 results in August 2012.

To learn more about the company, visit www.longhaisteelinc.com

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