1. Tender Conditions The bid inviter of this tender project, Angang Lianzhong 2026 Steelmaking Auxiliary Material - Cutting Iron Powder (AGGZLZHGZHD260611296096), is Angang Lianzhong (Guangzhou) Stainless Steel Co., Ltd., with funds sourced from self-raised funds. The project has met the tender conditions, and open tender is hereby conducted. 2. Project Overview and Tender Scope 2.1 Project Name: Angang Lianzhong 2026 Steelmaking Auxiliary Material - Cutting Iron Powder 2.2 If the tender fails, it will be converted to other procurement methods: to negotiation procurement and to direct procurement. 2.3 For details of the tender content, scope and scale of this project, please refer to the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not permitted for this tender. 3.2 Bidders must meet the following qualification requirements for this tender: (1) Circulation-type business license (2) Production-type business license 3.3 Bidders must meet the following registered capital requirements: Production-type registered capital: 1 million yuan or above Circulation-type registered capital: 1 million yuan or above 3.4 Bidders must meet the following performance requirements: Supply performance in the steel industry within the past two years (supply performance from January 2024 to the present; at least one relevant contract and corresponding VAT invoice must be provided). 3.5 Bidders must meet the following capability requirements, financial requirements and other requirements: Financial Requirements: See the attachment (if any) Capability Requirements: See the attachment (if any) Other Requirements: See the attachment (if any) 3.6 For projects subject to tender according to law, dishonest persons subject to enforcement are invalid for bidding. 4. Acquisition of Tender Documents 4.1 All interested bidders may log into the Angang Smart Bidding Platform at http://bid.ansteel.cn from 13:00 on June 12, 2026 to 13:00 on July 2, 2026 (Beijing time, the same hereinafter) to download the electronic tender documents. Click to view tender details:

[Leading Mills Keep Pushing Up Prices, Grain-Oriented Silicon Steel Prices to Remain Generally Stable with Slight Rise Next Week] This week, cold-rolled grain-oriented silicon steel spot prices held up generally stable with a slight rise, while end-users maintained a steady procurement pace of purchasing as needed. Ferrous metals futures swung wildly this week, limiting overall market price fluctuations. However, Baowu announced its July price policy for grain-oriented silicon steel with a MoM increase of 300 yuan/mt, opening up upside room for spot prices. Traders showed strong willingness to hold prices firm, and spot offers were gradually raised in line with the mill's policy, with low-priced resources in the market largely disappearing.

[Domestic Iron Ore Brief] The Tangshan domestic ore market remained overall stable, with 66% grade iron ore concentrates at ex-factory prices of 970-975 yuan/mt on a dry basis including tax. Local iron ore concentrate resources remain tight, supporting producers' costs and willingness to hold prices firm. With beneficiation feedstock tight and low-priced resources hard to source, offers remained firm due to cost considerations. Steel mills, facing shrinking margins recently, are mostly purchasing as needed, with an overall relatively strong desire to push for lower prices.

Today, iron ore futures on the DCE trended weaker, with the most-traded I2609 contract closing at 760 yuan/mt, down 0.20% from the previous trading day. Port spot prices were little changed from the prior day. Most traders followed market trends, with moderate activity; steel mills remained cautious, with fewer inquiries; as of now, spot trading volumes were relatively low. Looking ahead, iron ore demand is expected to edge up in the short term. According to an SMM survey, the impact of blast furnace maintenance on hot metal production this week was 1.1058 million mt, down 240,100 mt WoW, and next week is expected to be down 6,800 mt WoW from this week. The short-term increase in pig iron production may strengthen support for iron ore prices and prompt price recovery. Nevertheless, against the backdrop of the steel off-season, iron ore inventories have also begun to rise, and the overall upside room for iron ore remains under strong suppression. Therefore, ore prices may stage a brief recovery before continuing to hover at lows in the short term.

【SMM Steel】The South Australian government announced in its 2026-27 budget on June 4 that it will provide an additional 319 million AUD (228 million USD) over the next two years to support the sale and subsequent operation of the Whyalla Steelworks . Since being placed into administration in February 2025, the plant has received over 2.88 billion AUD (2.06 billion USD) in state and federal funding . The government has also allocated 6.5 million AUD (46.6 million USD) over two years to support the steelworks' transition to low-carbon steelmaking, backed by a gas agreement with Santos . Recently, Australian company M Resources and India's Jindal Steel were shortlisted as qualified bidders for the acquisition .

【SMM Steel】India has warned it may withdraw tariff concessions granted to the UK under their free trade agreement unless concerns over Britain's new steel safeguard measures are addressed. From July 1 2026 the UK will cut duty-free steel import quotas by 60% and impose a 50% tariff on over-quota shipments. India is considering "rebalancing" measures including rolling back planned duty cuts on Scotch whisky. Despite UK Trade Secretary Peter Kyle's recent visit to New Delhi to push for the deal's implementation no firm timeline has been set. The FTA which would liberalise 99% of UK tariffs remains unsigned as the steel dispute creates a significant hurdle.