Even in this challenging market environment, the iron and steel industry has shown great demand for high-end steel products. We believe leading iron and steel companies will continue to spend money on updating their manufacturing capacity and fire protection expenses will be a necessary component of these upgrades.
China Fire has been focusing on top tier iron and steel companies in China and is pleased to be a recipient of repeat business from these large scale customers. We are optimistic that any industry consolidation will provide us with great opportunities to expand our market share and maintain our leadership position as a fire protection and solution provider in the Iron & Steel industry. We are committed to delivering our best services to Ansteel and look forward to securing additional long-term contracts in the future," concluded Mr. Li.