In 2004, Panhua Group Co., Ltd was incorporated by Mr. Xinghua Li in Zhangjiagang City, Jiangsu Province, China, with registered captial of 127 million USD. Initially Panhua consisted of 3 steel mills, namely Zhangjiagang Huada Coating Co., Ltd, Zhangjiagang Wanda Steel Strip Co., Ltd, and Jiangsu Huasheng New Building Materials Co., Ltd. All these 3 mills were fully invested by Mr. Li in 1999, 2002, and 2004 for producing PPGI, GI, and CRC respectively. Before the mergence of Panhua Group, flat steel sales under brand of Panhua had already gone throughout China along with numerous honors and Top1 domestic market share among all privately owned Chinese steel mills. After 2006, Panhua further sets up several subsidiaries in other business divisions such as real estate, shipping terminals, metal mines, and commercial banks. In 2008, Panhua started to expand its flat steel industry by building a new mill in Chongqing City, Western China. Chongqing Panhua Steel Strip Co., Ltd now forms the same capacity as our mills in Zhangjiagang City, 1.5 million Mt of steel coils per year, but will start to output more in 2011 and widen the existing scope of supply.