Sutor Technology Group Limited Won an $8.6 Million Contract to Supply Spiral Seam Steel Pipes for a Water Transmission Pipeline

 Sutor Technology Group Limited Won an $8.6 Million Contract to Supply Spiral
          Seam Steel Pipes for a Water Transmission Pipeline Project

PR Newswire

CHANGSHU, China, April 1, 2013

CHANGSHU, China, April 1, 2013 /PRNewswire-FirstCall/ -- Sutor Technology
Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR), a leading China-based
manufacturer and distributor of high-end fine finished steel products and
welded steel pipes used by a variety of downstream applications, today
announced its subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co.,
Ltd. ("Ningbo Zhehua") won a contractto supply 11,440 meters of spiral seam
steel pipes for a water transmission pipeline project in Zhuji City, Zhejiang
Province. The contract is valued at approximately $8.6 million. Deliveries are
expected to begin in April 2013.

Lifang Chen, Chairwoman and CEO of Sutor commented, "We are pleased that
following a bid process, Ningbo Zhehua won this major contract to supply its
spiral seam steel pipes for this vital urbanization project for the city of
Zhuji. This win is a demonstration of the high quality and brand recognition
of our products. Ningbo Zhehua facility manufactures a variety of steel pipes,
has six production lines and a total annual capacity of 400,000 metric tons.
Ningbo Zhehua's large diameter steel pipe production line uses one of the most
advanced technologies in the steel pipe industry."

Ms. Chen continued, "Improvement and expansion of water infrastructure remains
an important element of China's urbanization plan which continues at an
unprecedented rate. Currently China's urbanization ratio is approximately 48%,
well below the 85% in the developed economies and the global average of 55%.
The scale and pace of China's ongoing urbanization and the growth in domestic
consumption are expected to drive the need for greater infrastructure
investments and should increase the demand for a variety of high-end steel
products. Sutor is well positioned to take advantage of these growth
opportunities as our products are used in a variety of industries such as
construction (buildings, bridges, water and sewage infrastructure, etc), oil
and gas, household appliances, solar water heaters, medical instruments and
automobiles."

About Sutor Technology Group Limited

Sutor is one of the leading China-based manufacturers and distributors of
high-end fine finished steel products and welded steel pipes used by a variety
of downstream applications. The Company utilizes a variety of in-house
developed processes and technologies to convert steel manufactured by third
parties into fine finished steel products, including hot-dip galvanized steel,
pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded
steel pipe products. To learn more about the Company, please visit
http://www.sutorcn.com/en/index.php.

Forward-Looking Statements

This press release includes certain statements that are not descriptions of
historical facts, but are forward-looking statements. Such statements include,
among others, those concerning our expected financial performance, liquidity
and strategic and operational plans, our future operating results, our
expectations regarding the market for our products, our expectations regarding
the steel market, as well as all assumptions, expectations, predictions,
intentions or beliefs about future events. You are cautioned that any such
forward-looking statements are not guarantees of future performance and that a
number of risks and uncertainties could cause our actual results to differ
materially from those anticipated, expressed or implied in the forward-looking
statements. These risks and uncertainties include, but not limited to, the
factors mentioned in the "Risk Factors" section of our Annual Report on Form
10-K for the year ended June 30, 2012, and other risks mentioned in our other
reports filed with the Securities Exchange Commission ("SEC"). Copies of
filings made with the SEC are available through the SEC's electronic data
gathering analysis retrieval system (EDGAR) at http://www.sec.gov. The words
"believe," "expect," "anticipate," "project," "targets," "optimistic,"
"intend," "aim," "will" or similar expressions are intended to identify
forward-looking statements. All statements other than statements of historical
fact are statements that could be deemed forward-looking statements. The
Company assumes no obligation and does not intend to update any
forward-looking statements, except as required by law.

For more information, please contact:



China                                   US
Jason Wang, Director of IR              Lena Cati, IR Representative
Sutor Technology Group Limited          The Equity Group
Tel: +86-512-5268-0988                  Tel: 212 836-9611
Email: investor_relations@sutorcn.com Email: lcati@equityny.com

SOURCE Sutor Technology Group Limited

Website: http://www.sutorcn.com/en/index.php
 
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