ORGANIZATION AND NATURE OF OPERATIONS

9 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Organization Consolidation and Presentation Of Financial Statements Disclosure [Text Block]

NOTE 1 - ORGANIZATION AND NATURE OF OPERATIONS

Sutor Technology Group Limited (“Sutor”) was incorporated on May 1, 1997 in the State of Nevada under the name of Bronze Marketing, Inc. and changed the name to Sutor Technology Group Limited effective March 6, 2007. Its principal activity is investment holding. The principal activities of its subsidiaries are described in the table below. Sutor together with its subsidiaries listed below are referred to as the “Company” hereinafter.

As of March 31, 2013, Sutor’s subsidiaries and affiliate included the following entities:

Name of subsidiary	Date of incorporation/ acquisition	Place of incorporation	Percentage of shareholding		Principal activities
Sutor Steel Technology Co., Ltd. (“Sutor BVI”)	August 15, 2006	British Virgin Islands	100	%	Investment holding
Changshu Huaye Steel Strip Co., Ltd. (“Changshu Huaye”)	August 28, 2003	PRC	100	%	Manufactures of hot-dip galvanized steel (“HDG”) and pre-painted galvanized steel (“PPGI”)
Jiangsu Cold-Rolled Technology Co., Ltd. (“Jiangsu Cold-Rolled”)	August 28, 2003	PRC	100	%	Manufacture of cold-rolled steel, acid pickled steel and hot-dip galvanized steel
Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd. (“Ningbo Zhehua”)	April 5, 2004	PRC	100	%	Manufactures heavy steel pipe
Sutor Technology Co., Ltd. (“Sutor Technology”)	February 24, 2010	PRC	100	%	Trading of steel products
Ningbo Taixiang Investment Co., Ltd. (“Ningbo Taixiang”)	October 19, 2012	PRC	100	%	Investment
China Railway Materials Suzhou Company Limited (“CRM Suzhou”)	August 10, 2012	PRC	39	%	Metal materials business