Otai Special Steel began back in 1999 on June 23rd, registered in Dongguan under the name Alltech Steel. Our goal was to supply molds to the factories of Dongguan city, and we quickly built up to an annual revenue of $620,000 (US).
Fast forward to August 2007, and our annual revenue had rocketed to $4,285,600 (US). This rapid growth and development saw us moving from just the retail market, to serving the wholesale market as well, and led to us purchasing several new and high tech pieces of machinery, such as:
- Horizontal Saw
- Vertical Sewing Machine
- CNC Flame Cutting Machines
- Surface Milling
- Face Milling
- Plane Milling
- End Milling
- Grinding Equipment
- Plasma cutting machines
This helped us to serve a wider market, meet customer demand and expand our operations even further, which only led to more growth and development.
Rapid Growth, New Name
On November 20th, 2007 ‘Alltech Steel’ become ‘Yao Teng Trading Company Ltd.’ and the full-scale steel trading company as we know it today was born (which was to become Otai Special Steel Co. Ltd.)
In addition to the original mold steel, we were now also dealing in high-speed steel and carbon alloy steel and competing with the largest players in the industry, working alongside several high-quality steel mills such as:
- Wuyang Iron and Steel,
- Northeast Special Steel,
- Wuhan Iron and Steel,
- Changcheng Special Steel,
- Valin Iron & Steel,
- Xinyu Steel,
- Xingcheng Special Steel,
- Xiwang Special Steel,
- and other mills.
We found ourselves in a very competitive position, able to leverage our relationships with other suppliers to provide solutions to most customer desires and do it at an affordable price.
We were now fully operational, with advanced machinery for and high competence in:
- hot rolling,
- cold drawing hot die steel,
- cold die steel,
- plastic mold steel,
- carbon steel machinery,
- mechanical alloy steel,
- high speed tool steel,
- and more.
It was an exciting time, and we had only just begun our expansion.
Gaining confidence, going global
On April 12, 2009 we took our company international. After gaining such momentum, solid relationships and a reputation to be proud of in the domestic market, we knew the time was right to take our services and products to the rest of the world.
Working with countries such as Mexico, Colombia, Brazil, Turkey, Argentina, Dubai, Saudi Arabia, Algeria, Syria, Iran, Egypt, the Philippines, Indonesia, Malaysia, Singapore, Vietnam, India our annual revenues began to exceed $25,000,000 and we began to focus intensely on the South East Asian, Latin American and Middle Eastern markets.
Our Success Formula
We are not the biggest company in China, and we firmly believe this is our advantage. By maintaining our original roots as a family-run business, we pay attention to every single customer’s desires and requirements and make sure they are met with precision and speed every time.
Our network is wide, and we are able to choose the right mills at the right time for our customers. We can make decisions quickly and pride ourselves on the high standard of our customer service, service delivery and customer satisfaction!
Our Otai Special Steel Motto is:
“Going beyond myself, to make the team stronger!”