YL Yalian Steel Corporation

Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces
that it has obtained a RMB 10 million (CAD $1.538 million) short term loan from
China CITIC Bank.


The loan matures on February 17, 2012, and carries an interest rate of 7.872%,
which was fixed at 120% of the prevailing benchmark rate in China. The loan will
be used to fund working capital requirements of Yangzhou Yalian Steel Pipe Co.,
Ltd ("Yangzhou Yalian"), a wholly-owned subsidiary in China. The loan is secured
by Yangzhou Yalian's machinery and equipment.


About Yalian Steel Corporation

Yalian Steel Corporation is a British Columbia corporation focused on the
production of high quality Longitudinally Submerged Arc Welded (LSAW) steel pipe
to service Asia's rapidly growing energy transportation infrastructure market.
The Company has recently completed construction of its initial manufacturing
facility in city of Yangzhou, in the Jiangsu province of China. The first
production line has a capacity of up to 200,000 metric tons per year. The
Yangzhou Yalian plant utilizes the JCOE (J-ing, C-ing, O-ing, Expanding)
process, an advanced method of LSAW pipe production that involves the bending
and shaping of X-70 and higher grade steel.


This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements. Risks and uncertainties about
Yalian's business are more fully discussed in the Company's disclosure materials
filed with the securities regulatory authorities in Canada. All amounts are
stated in Canadian dollars unless noted otherwise.

Grafico Azioni Yalian Steel Corporation (TSXV:YL)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Yalian Steel Corporation (TSXV:YL)
Storico
Da Mag 2023 a Mag 2024