Gelonghui July 6th 丨Some investors asked Shougang Co., Ltd. (000959.SZ) on the investor interactive platform, “As a minority shareholder, at the current size of the company, bargaining power for upstream iron ore is relatively low, so is the company considering exploring Hebei steel companies and exploring the possibility of joint procurement of iron ore? I think the possibility of regional iron ore procurement first?”
The company replied that the company mainly procures bulk fuels such as iron ore and coal under the long-term cooperative model, and makes full use of band procurement methods to hedge risks reasonably. In the future, the company will adopt various methods to deal with market risks and will promptly fulfill review procedures and information disclosure obligations in strict accordance with relevant regulations. Together with other domestic steel companies, the company will jointly pursue stable and rational operation of commodity prices such as iron ore to maintain the long-term healthy development of the supply chain.