China Precision Steel to Present at the Goldman Sachs 2010 Sixth Annual Steel Conference

SHANGHAI, Nov. 24, 2010 /PRNewswire-Asia/ -- China Precision Steel Inc. (Nasdaq: CPSL) ("China Precision Steel" or the "Company"), a niche precision steel processing Company principally engaged in producing and selling high precision, cold-rolled steel products, announced today that it will participate in the Goldman Sachs 2010 Sixth Annual Steel Conference on November 30 - December 1, 2010 in New York City.

Ms. Leada Li, Chief Financial Officer of China Precision Steel, will present the company's business strategy, financial results, and outlook as well as answer investors' questions during the presentation and at one-on-one meetings.

Investors interested in attending the event should contact their Goldman Sachs sales representative.

About China Precision Steel Inc.

China Precision Steel Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China as well as overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com.

SOURCE China Precision Steel Inc.

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