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--Huahong Technology held the 2020 Northwest Scrap Steel Processing Equipment Site Observation and Major Customer Appreciation Meeting

(hereinafter referred to as "Huahong Technology") and co-organized by Hanzhong Branch of Long Steel Group Baoji Steel Rolling Co. (hereinafter referred to as "Baosteel") was held in the historical and cultural city of Hanzhong in Shaanxi Province.

The honorary president of China Scrap Iron and Steel Application Association, Wang Zhenwu, executive vice president Li Shubin, vice secretary general Wang Fangjie, general manager of scrap division of Shanghai Steel Union, Gu Minhua, chairman Qu Chizong, general manager Li Jinghui of Baosteel, general manager Hu Pinlong, vice general manager Huang Jiansheng and Chen Fangming of Huahong Technology, and more than 200 guests domestic industry associations, 65 scrap distribution enterprises, domestic equipment users and news media attended the conference. Guests attended the conference.

Hu Pinlong delivered a speech and expressed his warm welcome to all the guests and customers, and introduced the enterprise situation of Hua Hong Technology. Huahong Technology was listed on the Shenzhen Stock Exchange in December 2011, and now has 7 wholly-owned and holding subsidiaries, which have achieved industrial upgrading and industrial chain extension, and three sections of recycling resources operation (equipment manufacturing, scrap steel processing, scrap car dismantling), elevator signal system and safety components and comprehensive utilization of rare earth resources are steadily moving forward. Over the years, Huahong Technology has been exploring innovation and excellence, pursuing brand quality, taking social responsibility, always adhering to the original mission of "customer first, service first" and providing customers with pre-sale, in-sale and after-sale services, which has won the trust and support of customers. In the future, Hua Hong Technology will continue to uphold the original intention, carry forward the heart of craftsmanship, dedication and sincerity, to strengthen and improve the existing products, innovation and technological achievements, and work together with customers to develop a win-win situation. Hu Pinlong said that Hua Hong Technology should strengthen the communication and learning with enterprises in the renewable resources industry, meet the personalized and diversified needs of customers, help the whole industry to develop green and healthy, integrate the growth of enterprises into the development of society, and make its due contribution to the realization of the "Chinese Dream".

Hu Pinlong, General Manager of Huahong Technology

On behalf of China Scrap Iron and Steel Application Association, Li Shubin expressed his warm congratulations on the convening of this meeting and explained the current import of recycled steel raw materials, scrap steel market prices, access to the scrap iron and steel processing industry, and tax preferential policies. After analyzing the national scrap steel industry index in the first 10 months of this year, he stressed that this year is the closing year of the "13th Five-Year Plan", the annual scrap steel application ratio of more than 20% of the target will be achieved. At present, the development of scrap steel industry has a low level of resource utilization of scrap steel, scrap steel tax policy is difficult to landing, the proportion of tax rebates is low, green resources scrap steelmaking and short process steelmaking policies and measures to be further refined and other issues. During the "14th Five-Year Plan" period, the scrap and steel application association will continue to carry out industry access work, based on large steel enterprises, expand the scale of enterprises, improve industrial concentration, but also the industry access and scrap industry dismantling, recycling, processing, classification and application of "integrated At the same time, the industry access and the "integrated" development of scrap steel industry dismantling, recycling, processing, sorting and application are written into the "14th Five-Year Plan" development plan of China's steel industry, and efforts are made in standardization, training, cultivating leading enterprises and strengthening environmental protection and improving the quality of scrap steel, and the association will do its best to include socially recycled scrap steel resources into the preferential income tax catalog for comprehensive utilization of resources. play a role in continuously optimizing the development of the industrial sector.

Li Shubin affirmed the development of Huahong Technology in recent years. He pointed out that Hua Hong Technology is the first listed company that manufactures scrap iron and steel equipment in China and is the leading enterprise in the localization of scrap iron and steel processing equipment. After more than 30 years of development, it has made important contributions to the development of China's scrap iron and steel industry small to large and weak to strong as well as the localization of equipment.

Executive Vice President of China Scrap Iron and Steel Application Association, Li Shubin 

Huang Jiansheng, on behalf of Hua Hong Technology, made a report entitled "Taking technological innovation as a pioneer to promote the development of upgrading equipment in renewable resources industry", focusing on the new products, new technology, new process, new thinking and new development of Hua Hong Technology. 2020, Hua Hong Technology's 2000-ton Y81-2000 metal baling hydraulic press was successfully developed by the National Machinery Federation and Jiangsu Province Department of Industry and Information Technology new product identification as filling the gaps in China and reaching the international advanced level. In the future, Hua Hong Technology will take the responsibility of solving the difficulties and pain points of customers' production, continuously optimize the performance of products and equipment in terms of new technology, new process and new thinking, and develop new products that can meet customers' needs.

Mr. Chen Fangming, deputy general manager of Huahong Technology, made a report entitled "Creating a core circle of friends in the scrap steel processing equipment market", he said that with the gradual increase of the proportion of scrap steel into the furnace and the increasing standardization and concentration of scrap steel processing products in China, Huahong Technology, in line with the national industrial policy and the needs of the majority of customers, will continue to develop and upgrade the scrap steel processing market demand for large-scale, high-quality, high-efficiency, low-cost scrap steel processing equipment. We will continue to maintain the advantages of "short manufacturing cycle, low processing cost, low failure rate and high retention rate" to win the future together with our customers and friends.

Chen Fangming, Vice General Manager of Hua Hong Technology

Gu Minhua said in the special report "New Opportunities for the Development of China Steel Market" that after entering the 14th Five-Year Plan, the market logic has changed supply-side reform to double-cycle drive, with the expansion of domestic demand as the main focus, and the steel market will also enter the stage of supply and demand balance, and the market tends to be stable. In the outlook for 2021 scrap market trends, Gu Minhua said: steel recycling material import liberalization at the beginning, subject to strict restrictions on import standards, the impact on the domestic scrap market supply may be small, can not fundamentally solve the domestic scrap market supply and sales balance contradictions, in addition to the global scrap trade volume in the past 15 years no significant growth, the trade pattern is more stable, China can seize how much of the market is still unknown.

Gu Minhua pointed out that the current scale of China's black system of commodities only scrap has not been listed, the future listing of steel scrap will make China's black derivatives market more rich, to achieve full coverage, which is conducive to more effective risk management enterprises. After the listing of steel scrap futures, the pricing method of steel scrap industry will be changed; price discovery and the ability to avoid the risk of price fluctuations will be enhanced; it will also accelerate the standardized development of steel scrap market and the gradual financialization of the industry. With the rebound of the commodity market, the economic growth rate next year under the influence of low base, combined with the use of steel scrap in recent years in the gradual growth of factors, the future scrap market has a very large space for development.

Gu Minhua, General Manager of Shanghai Steel Union Scrap Division

Li Jinghui, General Manager of Baosteel, delivered a speech as a representative of the major customers and co-organizer of the conference. He said that Baosteel, as the operating unit of the scrap industry of Shaanxi Steel Group, is responsible for the transformation of the scrap industry of Shaanxi Steel Group nothing to something in a short period of time. At the beginning of the company's establishment, it has established the corporate vision of "building a national first-class and western strongest scrap steel processing and distribution demonstration base", and always adheres to the development concept of "first-class equipment, first-class management and first-class environment" in the construction of the scrap steel processing base. High starting point for construction and operation. During this period, based on the professional knowledge, attentive service, honest attitude, innovative concept and win-win pursuit, Baosteel has established a good cooperative relationship with Hua Hong Technology and is willing to work with upstream and downstream enterprises of scrap steel to continuously improve the concentration of scrap steel industry, build the brand of scrap steel industry, enhance the competitiveness of scrap steel industry and promote the standardized development of the industry.

Li Jinghui, General Manager of Baosteel

In the afternoon of the 1st, the delegates visited the Hanzhong Branch of Long Steel Group Baoji Rolling Steel Co. The general manager of the company, Wang Kai, introduced in his welcome speech that Hua Hong Technology had given great support to Hanzhong Branch in terms of technology and equipment and post service, which had laid a solid foundation for it to improve its production capacity and integrate the scrap steel resources in southwest China.

General Manager of Hanzhong Branch, Wang Kai

The on-site observation and appreciation seminar organized by Hua Hong Technology provided a platform for the development of the scrap steel industry to discuss win-win cooperation and high-quality development, and also sent a clear signal to the users of scrap steel processing equipment and upstream and downstream partners: Hua Hong Technology will continue to work on the original mission of "customer first, service first" and is committed to becoming a global professional in recycling resources processing equipment. Committed to become a professional manufacturer and comprehensive service provider of global renewable resources processing equipment.

Delegates visited the working site of Y81K-1500 baler

Delegates visited the processing workshop of Hanzhong Branch

Delegates visited the working site of Huahong Technology scrap steel gantry shear

Workshop of Hanzhong Branch