QUARTERLY CONSOLIDATED FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2012

	2012
	March 31			June 30			September 30			December 31

Revenue:
Steel mill flat-rolled products	$	68,689,567		$	76,783,963		$	56,123,028		$	63,889,524

Cost of revenue		(47,196,745	)		(56,975,825	)		(47,331,341	)		(57,037,147	)
Gross Profit		21,492,822			19,808,138			8,791,687			6,852,377

Operating expenses:
General and administrative expenses		(2,369,361	)		(2,511,170	)		(2,548,672	)		(5,738,929	)
Selling and marketing expenses		(107,086	)		(506,711	)		(374,818	)		(457,768	)
Warrant compensation expenses		-			-			-			-
Total operating expenses		(2,476,447	)		(3,017,881	)		(2,923,490	)		(6,196,697	)

Operating income		19,016,375			16,790,257			5,868,197			655,680

Other income (expenses)
Interest income		626,251			624,578			1,233,910			1,092,002
Interest expenses		(1,030,917	)		(2,028,459	)		(3,105,412	)		(2,063,684	)
Sundry income		158,737			24,911			21,310			146,525
		18,770,446			15,411,287			4,018,005			(169,477	)
Income tax expense		(4,759,838	)		(5,136,010	)		(1,636,419	)		(364,906	)

Net income attributable to common stockholders	$	14,010,608		$	10,275,277		$	2,381,586		$	(534,383	)

Net income per share
- Basic	$	0.24		$	0.18		$	0.04		$	(0.01	)

- Diluted	$	0.24		$	0.18		$	0.04		$	(0.01	)

Weighted average common shares outstanding
- Basic		58,251,680			58,203,179			57,935,604			59,769,786
- Diluted		58,251,680			58,203,179			57,935,604			59,769,786