Steel Manufacturing

Grand Avenue was engaged by a Baoji-based steel manufacturer to raise growth equity capital for its operations in Shaanxi province. Dong Ling is a leading producer of ferrous and non-ferrous metals in China. It is well diversified in zinc smelting, steel production, steel trading, coke and mineral development. The Company had at the time of engagement had revenues of $US 2.6 billion with $US 180 million in EBITDA. It is an integrated producer, having mining assets that supply iron ore to its steel making operation and zinc/lead mines that supply its zinc / lead smelting operation. The Company’s coke production supplies both steel and zinc manufacturing, and provides derivative products that keep its operating costs low. Approximately 58% of its revenue is from its Trading and Logistics division which distributes steel products throughout China.