Sutor Technology Group Partners with Zhejiang Longkey Anti-corrosion Co., Ltd to Build An Anti-corrosion Coating Line

Sutor Technology Group Partners with Zhejiang Longkey Anti-corrosion Co., Ltd
                   to Build An Anti-corrosion Coating Line

PR Newswire

CHANGSHU, China, June 5, 2013

CHANGSHU, China, June 5, 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 Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd. ("Ningbo
Zhehua"), a subsidiary of Sutor, had entered into a partnership agreement with
Zhejiang Longkey Anti-corrosion Co., Ltd. ("Zhejiang Longkey") to build an
anti-corrosion coating line at Ningbo Zhehua's operating base in Ningbo,
Zhejiang province.

According to the agreement, Zhejiang Longkey will be responsible for
procurement, construction, operating, and maintenance of the coating line and
Ningbo Zhehua will provide land and factory buildings.The production
facilities will be housed in the existing buildings inside the fence of its
factory. As a result, capital expenditures for Ningbo Zhehua will be minimal.
The new coating line will be 100% owned by Zhejiang Longkey and is expected to
start operations in the first quarter of fiscal 2014.

Through this agreement, Ningbo Zhehua will have the ability to bid on
additional pipe manufacturing contracts that require special anti-corrosion
processing: these are bids that Ningbo Zhehua has been unable to bid for in
the past.Further, Zhejiang Longkey will refer customers to Ningbo Zhehua.
Once the bids are awarded, Ningbo Zhehua will manufacture the pipes and
complete the anti-corrosion process by using the line operated and maintained
by Zhejiang Longkey's personnel. Zhejiang Longkey will charge an
anti-corrosion fee which will be included in the selling prices of the pipes.

Mr. Yueming Shi, president of Zhejiang Longkey, said, "We are pleased to
partner with Ningbo Zhehua. Its diversified product portfolio, large market
share in Eastern China, and extensive expertise in the heavy steel pipe
manufacturing sector are very appealing to our existing business and we look
forward to exploring more opportunities in the near future."

Ms. Lifang Chen, Chairwoman and CEO of Sutor, commented, "Sutor is delighted
to cooperate with Zhejiang Longkey, a leading company in the anti-corrosion
field with Class-1 Qualification for Anti-corrosion Construction. Zhejiang
Longkey specializes in anti-corrosion technologies and provides solutions for
a variety of construction projects and industrial applications. Its technical
expertise and commitment to quality are complementary to our products and

"Anti-corrosion is an important value-added process in the steel pipe
manufacturing business. The partnership demonstrates our continuous efforts to
improve the value of finished products and gain access to more sophisticated
customers. Given the fact that Ningbo Zhehua has completed approximately
15,000 metric tons of supply contracts by using Zhejiang Longkey's
anti-corrosion service in the past several months, we are encouraged by this
joint operation," Ms. Chen concluded.

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

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 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
Sutor Technology Group Limited                              The Equity Group
Tel: +86-512-5268-0988                                      Tel: 212 836-9611
Email:                                                      Email:

SOURCE Sutor Technology Group Limited

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