Ferrous metal futures markets strengthened across the board in mid-to-late July, with major commodities like iron ore, coking coal, and coke all seeing significant increases. In contrast, the steel strand market initially performed relatively flat, but prices subsequently followed suit, driven by rising raw material prices last weekend and early this week. I. Key Market Performance The domestic steel strand market saw significant overall growth in July, with diverging increases across regions. Tianjin and Guangzhou saw the largest increases, while other markets saw increases of 50 to 60 yuan per ton. This round of price increases in the steel strand market was primarily driven by cost pressures from rising wire rod prices and improved market expectations driven by policy measures and boosted industry confidence. II. Price Trends of B-steel in the North and South B-steel prices in the north and south fluctuated narrowly in the first and middle ten days of July, before rising strongly in the second half of the month. Northern B-steel prices saw a 7.14% increase, while southern B-steel prices saw a more modest 3.97% increase. Consequently, the north-south price gap narrowed in the latter half of the month. July's ferrous futures led the gains, driving prices in the north. The high concentration of steel mills in the north led to rapid price increases. The southern market was impacted by high temperatures and heavy rain, hindering the transmission of futures sentiment and leading to a relatively delayed reaction to price increases. III. Favorable Macroeconomic Policies Policy Mainline: The Central Financial and Economic Commission's meeting on "anti-involution" and the urban

Starting from December 2021, the Chunpeng Steel Strand official website has upgraded its security level and upgraded to a secure website (https protocol), making it easier for visitors to use our website without any worries.

Starting from September 2021, all Chunpeng factories will gradually use purple packaging. At that time, "purple" and "blue" packaging will coexist. Thank you for your attention!

Counterfeit "Chunpeng" brand steel strands have long been a common sight on the market.   To safeguard our legitimate rights and interests, protect our customers from counterfeit products, and ensure the quality of our major projects, we launched our "Authenticity Verification" system on August 16, 2021.   The system can be accessed in two ways:   Website: http://chuixun.chunpeng.cn:9803/duiwai_verify WeChat Official Account: 春鹏钢绞线   Users can verify the authenticity of their product using two pieces of information found on the product label: the coil number (product number) and the anti-counterfeiting verification code.   Currently, all products produced at our Tianjin plant starting August 16, 2021, are now certified. The Chongqing and Kunming plants will be upgraded soon.   Let us work together to contribute to the sustainable development of the industry and the well-being of future generations!   Chunpeng Steel Strand   September 1, 2021

Chongqing Chunpeng Prestressed Steel Strand Co., Ltd., a subsidiary of Tianjin Chunpeng Prestressed Steel Strand Co., Ltd., was established in January 2010 and is located in Degan Industrial Park and Changshou Economic Development Zone, Jiangjin District. Degan Industrial Park is adjacent to the Chengdu-Chongqing Expressway, the Ro-Ro terminal, and Degan Railway Station. The production area covers 33,000 square meters, with a construction area of 11,500 square meters. With registered capital of RMB 105 million, the Changshou Economic Development Zone and the Changshou Economic Development Zone have 18,000 square meters of production areas. The company specializes in the production of "Chunpeng" brand prestressed concrete steel strand and unbonded steel strand products. The company currently has five low-relaxation steel strand production lines, 11 9/1200 wire drawing machines, and two unbonded steel strand production lines. Its main product specifications include 4.85-10.8mm for 1x3 structures and 9.3-21.8mm for 1x7 structures. All technical specifications of these low-relaxation and unbonded steel strands meet relevant national and international standards. The company has a designed annual production capacity of 160,000 tons of low-relaxation steel strand. The company is equipped with two 1000KN tensile testing machines, two WZZ-10C bending machines, and two relaxation testing machines, which can test steel strands of various specifications. Advanced testing methods ensure that the factory products are of excellent quality and stable performance.