Sutor Technology Group Limited Updates the Status of the New 500,000 MT Cold-Rolling Production Line

   Sutor Technology Group Limited Updates the Status of the New 500,000 MT
                         Cold-Rolling Production Line

PR Newswire

CHANGSHU, China, Jan. 21, 2014

CHANGSHU, China, Jan. 21, 2014 /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 used by
a variety of downstream applications, today announced it has completed
construction of the new 500,000 metric tons (MT) cold-rolling production line
and moved to the phase of trial production at Jiangsu Cold Rolled Technology
Co., Ltd, a subsidiary of Sutor.

Lifang Chen, Chairwoman and CEO of Sutor commented, "During the trial
production, we will carefully monitor the status of the new production line to
ensure that the facility will achieve the designed performance when the
commercial production begins. We expect that the new cold-rolling line will
provide us with a wider range of product specifications and better product
flatness and surface treatment than our existing cold-rolling production
line. With the new line in commercial operation, we will have 750,000 MT of
cold-rolling capacity to match our 700,000 MT of hot-dip galvanization
capacity. We are optimistic that the new capacity will improve our operating
efficiency, expand our product offerings and hence strengthen our
competitiveness in the high-end product market. "

The timing of the commercial operation of the new production line is subject
to the performance of trial production. The Company intends to update the
market once the commercial operation commences.

About Sutor Technology Group Limited

Sutor is one of the leading China-based manufacturers and distributors of
high-end fine finished steel products 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 in nature within the
meaning of the Private Securities Litigation Reform Act of 1995. 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, 2013,
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:
Jason Wang, Director of
Sutor Technology Group

SOURCE Sutor Technology Group Limited

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