01
〔Tube China 2023 Successfully Concluded〕

The 10th China International Tube Exhibition (Tube China) was successfully concluded in Shanghai New International Expo Center on June 16 with the care and support of all walks of people. A total of 332 exhibitors participated in the exhibition, Huayang steel pipe with ERW, LSAW pipe and other new samples, professional sales, engineer,marketing team, make a brilliant appearance during the exhibition, received a total of more than 100 customers from 14 countries, a total of 8177 tons of on-site orders, which are mainly used for oil and gas, construction, ship building. And after the exhibition, customers from Vietnam, Egypt, Brazil, visited our Huayang factory already.

At the exhibition, Huayang focused on the launch of the new LSAW pipe production line for oil and gas with advanced quality control systems and inspection equipment at home and abroad, which was well received by customers. Huayang will make every effort to build domestic and foreign brand enterprises, and we will continue to cross the ocean to provide the best service for customer from all the world.

〔Huayang News〕

The production and sales volume of Huayang in the first half of 2023: reach 950,000 tons. Our company's HFW and LSAW pipe are mainly used for high, medium and low pressure fluid transmission pipelines such as oil, natural gas, water, as well as piling, bridges, buildings and other structural steel pipes, and undertook the construction of landmark projects all over the world. After the LSAW pipe for the main structure of Sofi Stadium in Los Angeles, USA, delivered in 2019.Huayang have supplied the second representative one in Los Angeles in 2022. The first installments of the massive sports venue Inglewood basketball & entertainment center Intuit Dome project have been completed. After completion, it will become the new home of the Los Angeles Clippers, will also become a famous professional basketball team in the United States, and another sports and entertainment center full of vitality and charm in Los Angeles.

〔Exchange Rate Fluctuation〕

With the Federal Reserve suspending interest rate hikes, the risk of the US government debt ceiling has been resolved, the risk aversion has declined, and the downward pressure on the economy has gradually emerged. The dollar index correction is expected to continue. On the contrary, the Chinese government has successively implemented policies and measures to promote economic recovery, and the results have gradually shown. Stronger internal drivers of economic growth will provide effective support for the RMB exchange rate. Buyers can grasp the exchange rate dividend period and purchase.