1. Procurement Conditions The purchaser of this procurement project for cold-rolled steel strip for cored wire (AGZYFZHGXHD260325276365) was Ansteel Group Zhongyuan Industrial Development Co., Ltd. The funds for the procurement project came from self-raised sources. The project had met the procurement conditions, and an open inquiry and comparison was now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Cold-Rolled Steel Strip for Cored Wire 2.2 Alternative Procurement Method in Case of Procurement Failure: Negotiated Procurement 2.3 For the content, scope, and scale of this project procurement, please refer to the attachment "Material List Attachment.pdf" for details. 3. Bidder Qualification Requirements 3.1 Consortium bidding was not permitted in this procurement. 3.2 This procurement required bidders to meet the following qualification requirements: See the attachment for details (if necessary) 3.3 This procurement required bidders to meet the following registered capital requirement: Registered capital: RMB 200,000 and above 3.4 This procurement required bidders to meet the following performance requirements: At least one steel strip sales contract within the past three years and the corresponding VAT invoice had to be provided. 3.5 This procurement required bidders to meet the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment for details (if necessary) Capability requirements: See the attachment for details (if necessary) Other requirements: See the attachment for details (if necessary) 3.6 For projects that must be tendered in accordance with the law, bids submitted by dishonest persons subject to enforcement were invalid. 4. Acquisition of Procurement Documents 4.1 Any interested bidder should log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 17:00 on March 26, 2026 to 13:00 on April 3, 2026 (Beijing time, the same hereinafter). Click to View Tender Details:

1. Procurement Conditions The procurement entity for this procurement project, Metallurgical Machinery March 2026 Steel Strip for Welding Wire Procurement (AGZYFZHGXHD260309272380), is Angang Group Zhongyuan Industrial Development Co., Ltd. The procurement project was funded by self-raised funds. The project had met the procurement conditions, and an open comparative inquiry was now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Metallurgical Machinery March 2026 Steel Strip for Welding Wire Procurement 2.2 Alternative Procurement Method in Case of Procurement Failure: Negotiation procurement 2.3 For the contents, scope, and scale of this project procurement, please refer to the attachment "Material List Attachment.pdf" for details. 3. Bidder Qualification Requirements 3.1 Joint bids were not permitted for this procurement. 3.2 This procurement required bidders to have the following qualification requirements: (1) Manufacturing business license (2) Distribution business license 3.3 This procurement required bidders to meet the following registered capital requirements: Registered capital for manufacturers: 600,000 yuan and above Registered capital for distributors: 600,000 yuan and above 3.4 This procurement required bidders to meet the following performance requirements: See the attachment for details (if required) 3.5 This procurement required bidders to have the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment for details (if required) Capability requirements: See the attachment for details (if required) Other requirements: See the attachment for details (if required) 3.6 For projects that were legally required to undergo tender, bids submitted by dishonest persons subject to enforcement were invalid. 4. Acquisition of Procurement Documents 4.1 Any interested bidder shall, from 17:00 on March 09, 2026 to 08:00 on March 18, 2026 (Beijing time, the same hereinafter), log in to the Ansteel Smart Tender and Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents. Click to View Tender Details:

SMM March 2nd News: According to official information, Nandan County Nonferrous Metals Co., Ltd. is offering antimony ingots for sale. Quality specifications comply with the standard: National Standard 2#, implemented under (GB/T1599-2014). Packaging: Fumigated pallets, steel strip or PET plastic strip strapping, approximately 66 tons. The deadline for this quotation is 15:00 on March 3, 2026. Offers submitted after this time will be invalid. There is currently no minimum price set for this official offer.

1. Procurement Conditions The purchaser of this procurement project, Cold-rolled Steel Strip for Cored Wire (AGZYFZHGXHD250429207758), is Ansteel Group Zhongyuan Industrial Development Co., Ltd. The funding for this procurement project is self-raised, and the project is now ready for procurement. A public inquiry and comparison is now being conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Cold-rolled Steel Strip for Cored Wire 2.2 Alternative Procurement Methods in Case of Failed Procurement: Transition to negotiation procurement or direct procurement 2.3 For details on the procurement 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 allowed for this procurement. 3.2 For this procurement, the bidder must meet the following qualification requirements: See the attachment for details (if necessary). 3.3 For this procurement, the bidder must meet the following registered capital requirements: Registered capital: 200,000 yuan or above 3.4 For this procurement, the bidder must meet the following performance requirements: At least one contract for the sale of cold-rolled steel strip for cored wire, along with the corresponding VAT invoice, from January 1, 2024, to April 1, 2025, must be provided. 3.5 For this procurement, the bidder must meet the following capability, financial, and other requirements: Financial requirements: See the attachment for details (if necessary). Capability requirements: See the attachment for details (if necessary). Other requirements: See the attachment for details (if necessary). 3.6 For projects that must be tendered according to the law, bids from dishonest persons subject to enforcement are invalid for this procurement. 4. Acquisition of Procurement Documents 4.1 All interested bidders are requested to log in to the Ansteel Smart Tendering and Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 10:00 a.m. on April 29, 2025, to 8:00 a.m. on May 8, 2025 (Beijing time, the same hereinafter). Click to view tender details: 》Procurement Announcement for Cold-rolled Steel Strip for Cored Wire

[Stainless Steel Project] On March 3, 2025, the groundbreaking ceremony for the annual production of 100,000 mt of precision stainless steel strip project was held in Fu'an, Ningde, Fujian Province. This project is promoted by Fujian Ningde Daohe New Material Co., Ltd. With a total investment of 500 million yuan and covering an area of 80 mu, it adopts advanced industry equipment to produce 200-series, 300-series, high-temperature alloy, and nickel-based alloy precision steel strips. The products are applied in key precision components in fields such as new energy batteries, automobiles, and aerospace. After the project is put into operation, it is expected to achieve an annual output value of over 2 billion yuan, an annual profit and tax of approximately 40 million yuan, and provide more than 200 jobs. It will fill the gap in the stainless steel industry base of the Wanzhou Peninsula in this field, improve the industry chain, and enhance competitiveness. On the same day, the Xin Qinghong annual production of 100,000 mt stainless steel leveling and slitting project was also successfully signed.

Currently, the price difference between Southeast Asia's import price and ex-factory price is around $10/mt. The provisional anti-dumping duty of 19.38%-27.83% will increase Vietnam's import costs by $94-130/mt (based on current import prices), rendering imports almost uncompetitive. Previously, it was expected that the tariff would take effect in March, but the earlier-than-expected implementation may result in risks of canceled orders or additional costs for some shipments that fail to depart in time, which could, in turn, exert corresponding pressure on domestic steel mills to redirect pig iron or shift to domestic trade sales. According to the specifications and trade modes involved in the anti-dumping case, approximately 90% of HRC exports fall within the scope of Vietnam's anti-dumping investigation, with an annual total volume of about 7.32 million mt/year, equivalent to 600,000 mt/month. However, according to SMM, the Vietnamese authorities originally announced that the provisional tariff would be introduced in November 2024. At that time, some domestic customers had already adjusted their sales channels to mitigate risks. After the export surge in September and October, the total steel exports to Vietnam dropped to over 400,000 mt in November and December. The export surge remained evident in January, with HRC exports to Vietnam expected to rebound to 500,000 mt MoM in January. Due to the impact of the Chinese New Year holiday, February exports may pull back to 300,000-350,000 mt, while March HRC exports to Vietnam are expected to fall below 300,000 mt.