Sandmeyer Steel Names China Representative

Philadelphia, PA – May 24, 2007

Sandmeyer Steel Company has announced the appointment of ITC Group as the Company’s Representative Office and Sales Support Center in China. ITC, with offices in Guangzhou and Hong Kong, will assist Sandmeyer in penetrating the Chinese market for stainless steel and nickel alloy plate products.

ITC’s Chairman, Dr. Stanley Yuen, and Sandmeyer Steel’s CEO, Ronald P. Sandmeyer, Jr., finalized the agreement during Sandmeyer’s visit to Beijing, where the Company and ITC’s sales team exhibited at AchemAsia 2007, a trade show that targets the Asian process equipment industry market.

Family-owned and managed for three generations, Sandmeyer Steel Company is recognized as a leading producer of stainless steel and nickel alloy plate products used in the process industries equipment market. ITC was founded in 1993 by Dr. Yuen. Since then, ITC has been pursuing international trading opportunities between China and the rest of the world, providing sales and marketing services, all import/export logistics, and after-sale support.

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