Jointly sponsored by Laiwu Steel Group, Ltd. and other investment entities, Laiwu Glood Material Co., Ltd. was established in 2001 and is a comprehensive steel company concentrating on international trade of steel products and materials. With100 million Yuan of registered capital and RMB100 million Yuan of capital assets, Laiwu Glood Material Co., Ltd. now owns Qingdao Steel International Corporation Co. Ltd. in Qingdao.

Based on Laiwu Steel, Laiwu Glood Material Co., Ltd. is undertaking all foreign affairs and foreign trade and has already upgraded business to grand economy and trade pattern of bringing in and going out. We have established our customer net in dozens of countries and regions all over the world and developed diversified communications and exchanges for culture, management and information with numerous world-famous companies in an all-round way. In 2008 Laiwu Glood Material Co., Ltd. realized USD 80 million of turnover involved in export business.

Focusing on the principle of "Sharing, win-win", Laiwu Glood Material Co., Ltd. is fully cultivating our own core competitiveness to provide quality service of steel and become more powerful and stronger.