Honglu Steel inks price-lock agreement for steel structure materials
2026-09-14 10:55:43 [Print]
Honglu Steel Construction (Group) Co., Ltd. announced on September 13 that it received a fully executed "Steel Structure Materials Price-Lock Cooperation Agreement" with Fujian Zhongmin Daqin Engineering Management Co., Ltd. The agreement tentatively covers 100,000 tonnes of steel structure processing, with the total price of steel structure materials tentatively set at RMB 375 million (USD55.92 million) tax included, excluding processing fees. The deal accounts for approximately 1.7% of the company's audited revenue from its main business in 2025.

