The user-side ESS power station of Jiangsu Yonggang Group was recently connected to grid and put into operation. With a capacity of 134.1 MW/260.8 megawatt hours, the station became the largest user-side energy storage project in operation in Suzhou. The project is expected to deliver an annual discharge of 120 million kWh, helping the enterprise save over 40 million yuan in electricity costs each year. In terms of technology, the commissioned energy storage project adopted LFP battery and string-type technology systems, covering an area of approximately 23 mu. The project operates on a core model of "peak shaving and valley filling," implementing a daily strategy of two charges and two discharges: charging and storing electricity during valley periods, and discharging to support production during the noon peak and evening peak periods. Through this approach, the project precisely matched the production load curve, not only maximizing economic benefits and energy utilization efficiency, but also significantly improving PV absorption rates and effectively promoting the integration of green electricity into the entire production process.

[Yonggang April-1, 2026 General Steel Price Adjustment] Yonggang’s April-1, 2026 construction steel price adjustment: rebar and wire rod remained stable; current prices were rebar at 3,450 yuan/mt, wire rod at 3,700 yuan/mt, and coiled rebar at 3,700 yuan/mt; for the March-3 period, rebar was compensated by 175 yuan/mt and wire rod by 235 yuan/mt; for this period, the monthly discount interest rates for electronic bank acceptance bills were 1.19‰ for Tier 1 and Tier 2 banks, 1.29‰ for provincial city commercial banks, and 1.49‰ for Tier 3 and Tier 4 banks. [SMM Steel]

[Yonggang's General Steel Price Adjustment for Issue 3-2, 2026] Rebar and Wire Rod Both Remained Unchanged

[ Yonggang 2026 Q1 Regular Steel Price Adjustment ] Yonggang's 2026 Q1 construction steel price adjustment: rebar and wire rod remained stable; current rebar at 3,450 yuan/mt, common wire at 3,700 yuan/mt, and coiled rebar at 3,700 yuan/mt; the monthly discount interest rate for electronic bank acceptance this period was 1.67 per thousand for first and second tier banks, 1.77 per thousand for provincial city commercial banks, and 1.97 per thousand for third and fourth tier banks. [ SMM Steel ]

[Yonggang's 2026 February-1st Phase Ordinary Steel Price Adjustment] Yonggang's 2026 February-1st phase construction steel price adjustment: rebar and wire rod both remained stable; current rebar price is 3,450 yuan/mt, ordinary wire rod is 3,700 yuan/mt, coiled rebar is 3,700 yuan/mt; for the 1st-3rd phase, a supplement of 145 yuan/mt for rebar and 165 yuan/mt for wire rod was issued; the monthly discount interest rates for electronic bank acceptance drafts in this phase were 1.34‰ for Class I and II banks, 1.44‰ for provincial city commercial banks, and 1.64‰ for Class III and IV banks. [SMM Steel]

[Yonggang's 2025 Dec-3rd Phase Ordinary Steel Price Adjustment] Yonggang's 2025 Dec-3rd phase construction steel price adjustment: rebar and wire rod prices remained stable; current rebar price is 3,450 yuan/mt, ordinary wire rod is 3,650 yuan/mt, coiled rebar is 3,650 yuan/mt; a uniform subsidy of 130 yuan/mt was applied for the Dec-2nd phase rebar and wire rod; the monthly discount interest rates for this phase's electronic bank acceptance bills are 1.03‰ for Class I and II banks, 1.13‰ for provincial city commercial banks, and 1.33‰ for Class III and IV banks. [SMM Steel]