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Rongcheng Huacheng Rubber had successfully opened the 2nd factory for export of rubber conveyor belt

Rongcheng Huacheng Rubber had successfully opened the 2nd factory, this factory mostly used for produce rubber conveyor belt products for exporting market .

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BAUMA 2016 Germany

Germany Bauma: The World’s Leading Trade Fair for Construction, Building Material and Mining Machines and Construction Vehicles and Equipment sets future trends. Bauma is a global driving force behind innovations, an engine for success and a marketplace. It is the only trade fair in the world that brings together the industry for construction machinery in its entire breadth and depth.

Rongcheng Huacheng Rubber had attened exhibiting at bauma Germany at booth C4.206/B  in Central Hall 3 of the Munich center .

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Shanghai BAUMA 2016

Bauma China 2016 , the International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles, takes place in Shanghai every two years and is Asia’s leading platform for experts in the sector.

 

Rongcheng Huacheng Rubber will be exhibiting at bauma China at booth E7.151 in Central Hall 5-6 of the Shanghai New International Expo Center

More information , pls visit :http://www.b-china.cn/trade-fair/visitors/exhibitor-preview/57c6a6a6d1634

Steel prices in China rise mildly

BEIJING – Steel prices in China, the world’s biggest steel producer and consumer, rose mildly last week as market sentiment improved slightly but demand remained subdued, latest industry data showed.

The composite steel price index compiled by industry watcher Mysteel.com rose to 97.84 points last week, up 0.81 percent from a week earlier.

The figure pointed to increased market confidence, but higher freight rates and weaker-than-expected demand put a lid on transactions, according to a Mysteel.com report.

Inventories are expected to rise after the National Day holiday as new products hit the market, adding pressure on steel prices, said the report.

China’s steel industry has long been plagued by overcapacity, which has become a major drag on China’s growth in the past few years.

The sector’s profitability improved in recent months, partly due to the government’s efforts to reduce capacity, but analysts warned that excessive supply remains huge.

China has shut down steel plants with total capacity of over 90 million tons over the past five years and plans to reduce output by an additional 100 million to 150 million tons by 2020.

As of July, China had achieved 47 percent of its target to cut steel capacity by 45 million tons this year.