Honglu Steel Signs RMB 375 Million Locked-Price Steel Supply Agreement
Honglu Steel Structure (002541) said it received a sealed locked-price steel materials cooperation agreement with Fujian Zhongmin Daqin Engineering Management. The provisional processing volume is 100,000 tonnes, with total steel materials value set at RMB 375 million including tax and excluding processing fees, equal to about 1.7% of the company's audited main business revenue for 2025.
Honglu Steel Structure (002541) announced on September 13, 2026 that it had recently received a sealed Steel Structure Materials Locked-Price Cooperation Agreement signed by both parties.
The agreement was signed between the company and Fujian Zhongmin Daqin Engineering Management Co. , Ltd.
The announcement showed that the agreement provisionally sets the steel structure processing volume at 100,000 tonnes, with the total price of steel structure materials provisionally set at RMB 375 million including tax and excluding processing fees, accounting for approximately 1.7% of the company's audited main business revenue for 2025.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Steelmaking, with intensity 30/100 and 70% confidence over a short term horizon.
Steelmaking
- Direction
- positive
- Intensity
- 30
- Confidence
- 70%
- Horizon
- Short term
Industrial Construction
- Direction
- positive
- Intensity
- 20
- Confidence
- 60%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.