Our History
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
Lathes
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:
Baosteel,
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,
Shougang,
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,
forging,
cold drawing hot die steel,
cold die steel,
plastic mold steel,
carbon steel machinery,
mechanical alloy steel,
high speed tool steel,
and more.