[SMM Weekly Magnesium Production Flash Report] From June 5th to June 11th, the weekly production of the national sample magnesium plants was 25,865 tons, with a weekly operating rate of 84.85%, up 1.23% month-on-month. Most primary magnesium smelting manufacturers have been operating normally this week. It is understood that a primary magnesium smelting enterprise in the main production area has increased its daily production, resulting in a slight increase in primary magnesium output. In the long term, currently primary magnesium smelting manufacturers have insufficient willingness to halt production for maintenance. Only one primary magnesium smelting enterprise in Shaanxi Province is expected to halt production for maintenance in mid-to-late June, and one primary magnesium smelting enterprise in Shanxi Province has extended its maintenance time until the end of June, while other manufacturers are operating normally.

1. Procurement Conditions This procurement project, Ankuang Intelligent Maintenance (Liaoning) Technology Co., Ltd. 2026-620-08 Auxiliary Materials - Power Cable (AGAKZWHGXHD260611296020), has the purchaser as Ankuang Intelligent Maintenance (Liaoning) Technology Co., Ltd., with project funds sourced from self-raised financing. The project has met the procurement conditions and is now open for public inquiry and comparison. 2. Project Overview and Procurement Scope 2.1 Project Name: Ankuang Intelligent Maintenance (Liaoning) Technology Co., Ltd. 2026-620-08 Auxiliary Materials - Power Cable 2.2 Procurement Failure Conversion to Other Procurement Methods: Transfer to negotiation procurement 2.3 For the procurement content, scope, and scale of this project, please refer to the attached Material List Attachment.pdf. 3. Bidder Qualification Requirements 3.1 Joint bids are not permitted in this procurement. 3.2 This procurement requires bidders to possess the following qualifications: (1) Production-type business license (2) Production-type quality management system certification (ISO9000) 3.3 This procurement requires bidders to meet the following registered capital requirement: Production-type registered capital: 5,000,000 yuan or above 3.4 This procurement requires bidders to meet the following performance requirement: Provide sales performance records for cable products from 2025 to date, supported by contracts and corresponding VAT invoices. 3.5 This procurement requires bidders to meet the following capability, financial, and other requirements: Financial requirements: See attachment (if applicable) Capability requirements: See attachment (if applicable) Other requirements: The procurement quantity in this tender is a planned amount. During the supply period, selective supply is not permitted; the winning supplier shall deliver goods in phases based on actual on-site production needs. The contract execution rate shall be no less than 80% and no more than 110%, with any excess quantity settled separately. 3.6 For projects legally required to go through bidding, bids from dishonest persons subject to enforcement are invalid. 4. Obtaining Procurement Documents 4.1 All those intending to participate in the bid, please log in to the Ansteel Intelligent Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 17:00 on June 12, 2026 to 08:00 on June 24, 2026 (Beijing time, the same hereinafter). Click to view bidding details:

1. Procurement Conditions This procurement project, Ansteel Intelligent Maintenance (Liaoning) Technology Co., Ltd. 2026-620-11 Auxiliary Materials - Cross-linked Cables (AGAKZWHGXHD260611296022), has the purchaser as Ansteel Intelligent Maintenance (Liaoning) Technology Co., Ltd. The procurement project funds are self-raised, and the project has met the procurement conditions, and an open inquiry is now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Ansteel Intelligent Maintenance (Liaoning) Technology Co., Ltd. 2026-620-11 Auxiliary Materials - Cross-linked Cables 2.2 Failed Procurement Conversion to Other Procurement Method: Conversion to negotiated procurement 2.3 For details of this project's procurement content, scope, and scale, please refer to the attached Material List Attachment.pdf. 3. Bidder Qualification Requirements 3.1 Consortium bidding is not permitted for this procurement. 3.2 This procurement requires bidders to possess the following qualification requirements: (1) Production-oriented quality management system certification (ISO9000) (2) Production-oriented business license 3.3 This procurement requires bidders to meet the following registered capital requirements: Production-oriented registered capital: 5 million yuan and above 3.4 This procurement requires bidders to possess the following performance requirement: Provide sales performance of cross-linked cable products from 2025 to present, with contracts and corresponding VAT invoices as the criteria. 3.5 This procurement requires bidders to possess the following capability requirements, financial requirements, and other requirements: Financial Requirements: See the appendix (if necessary) Capability Requirements: See the appendix (if necessary) Other Requirements: The procurement quantities in this tender are planned volumes. Selective supply is not permitted during the supply period. The winning supplier must deliver goods in phases according to actual production site demands. The contract execution rate shall be no less than 80% and no more than 110%, with any excess portion settled separately. 3.6 For projects legally required to undergo tendering, bids from dishonest persons subject to enforcement shall be invalid. 4. Acquisition of Procurement Documents 4.1 All potential bidders intending to participate, please log in to the Ansteel Intelligent Tendering Platform http://bid.ansteel.cn to download the electronic procurement documents from 17:00 on June 12, 2026 to 08:00 on June 24, 2026 (Beijing time, the same hereinafter). Click to view tender details:

This week, ferrous metals experienced divergent and volatile movements. At the start of the week, the four major stock indices all closed lower. Coking coal futures showed strong performance, with the most-traded contract 2609 hitting a high of 1,486.5 yuan/mt, while ore and steel futures trended weaker. Subsequently, hit by news about Shaanxi authorities ensuring coal supply for enterprises, coupled with persistently weak steel consumption, supply-demand imbalances gradually built up, leading to a sharp decline in coking coal and coke futures. In the latter half of the week, on the one hand, news of iron ore shipments and tightening market liquidity drove a stronger performance in its futures; on the other hand, the escalation of coking coal supply tightness once again pushed up coking coal, coke, and hot-rolled coil and rebar futures prices. In the spot market, the sixth round of coke price increases was implemented mid-week......

This week, HRC prices fluctuated downward. The weekly average price edged lower, and overall trading volume declined. Supply side, rolling line maintenance decreased this week, and overall HRC production edged up. Demand side, apparent demand for HRC weakened again this week, as the downstream sector entered the off-season, with high temperatures and rainfall constraining project starts. Speculative demand retreated, end-user wait-and-see sentiment intensified, and actual procurement volumes gradually declined. Inventory side, this week SMM’s nationwide 86-warehouse (large sample) HRC social inventory stood at 4.279 million mt, down 72,900 mt or 1.68% WoW. By region, inventory in the Northeast and South China markets built up WoW, while East China, North China, and Central China markets saw destocking WoW. Inventory destocking provided support to HRC prices. Cost side, the average iron ore price edged lower, and the sixth round of coke price increases was implemented, slightly strengthening cost support for HRC. Looking ahead, costs may continue to increase, but as the off-season effect deepens, the pace of HRC destocking may narrow. In the short term, HRC prices are expected to move sideways. Overall, the most-traded HRC contract is expected to trade in the 3,340-3,410 range next week.

June 12: Northern ports: South African high-iron ore: 31.4-32.1 yuan/mtu, down from last Friday; South African semi-carbonate ore: 37.8-38.3 yuan/mtu, flat from last Friday; Gabonese ore: 41-41.6 yuan/mtu, down from last Friday; 46% Australian lumps: 43.5-44 yuan/mtu, flat from last Friday; South African medium-iron ore: 37.5-38 yuan/mtu, down from last Friday. Southern ports: South African high-iron ore: 34.1-34.6 yuan/mtu, down from last Friday; South African semi-carbonate ore: 36.5-37 yuan/mtu, flat from last Friday; Gabonese ore: 41.5-42 yuan/mtu, down from last Friday; 46% Australian lumps: 43.5-44 yuan/mtu, flat from last Friday; South African medium-iron ore: 37-37.5 yuan/mtu, down from last Friday. The manganese ore market is steady but stagnant, end-use demand is sluggish, and a wait-and-see sentiment prevails.