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]

Yonggang's June 2025 2nd Phase Ordinary Steel Price Adjustment On June 11, Jiangsu Yonggang issued its mid-June ex-factory prices, with rebar and wire rod/coiled prices remaining steady. Current prices are: rebar at 3,300 yuan/ton, wire rod and coiled rod at 3,500 yuan/ton. A retroactive adjustment of 110 yuan/ton for rebar and 135 yuan/ton for wire rod/coiled rod has been applied to the June 1st phase. The monthly discount interest rates for electronic bank acceptance bills are as follows: Tier 1 & 2 banks: 1.09‰ Provincial city commercial banks: 1.19‰ Tier 3 & 4 banks: 1.39‰ All prices above include taxes and are effective from June 11. [SMM Steel]

[Yonggang's Price Adjustment for Ordinary Steel in the Second Half of June 2025] On June 11, Jiangsu Yonggang announced the ex-factory prices for the mid-June period, with rebar and wire rod prices remaining stable. The current ex-factory price for rebar is 3,300 yuan/mt, and for wire rod and coiled rebar is 3,500 yuan/mt. A supplementary price adjustment of 110 yuan/mt for rebar and 135 yuan/mt for wire rod was made compared to the first half of June. The monthly discount interest rates for electronic bank acceptance bills in this period are 1.09‰ for first- and second-tier banks, 1.19‰ for provincial city commercial banks, and 1.39‰ for third- and fourth-tier banks. All prices are tax-inclusive and will be effective from June 11. [SMM Steel]

[Steel Mill Discount] Discount for Yonggang's 6-2 phase of ordinary steel in 2025: 10% discount for rebar, 55% discount for wire rod;

[Yonggang's Price Adjustment for Ordinary Steel in the First Phase of June 2025] On June 1, Jiangsu Yonggang announced the ex-factory prices for the first ten days of June, with rebar and wire rod prices both reduced by 100 yuan/mt. The current ex-factory price for rebar is 3,300 yuan/mt, and for wire rod and coiled rebar, it is 3,500 yuan/mt. A subsidy of 170 yuan/mt for rebar and 195 yuan/mt for wire rod will be provided for the May 21-31 period. The monthly discount interest rates for electronic bank acceptance bills in this phase are 1.23‰ for first- and second-tier banks, 1.33‰ for provincial city commercial banks, and 1.53‰ for third- and fourth-tier banks. All prices are tax-inclusive and will be effective from June 1. [SMM Steel]