On April 29th, the groundbreaking ceremony for the 50,000-ton-per-year color-coated aluminum coil project of Jinhu New Material Technology (Xinjiang) Co., Ltd. was held. Shandong Jinhu Color Aluminum Group mainly produces high-end deep-processed aluminum products such as color-coated aluminum coils, aluminum composite panels, and colored stone metal tiles.

[Zinc Oxide Operating Rate Edged Down] The operating rate of the zinc oxide industry was 59.42% this week, edging down 0.28 percentage points WoW. Zinc prices continued to rise during the week, with China's zinc prices running steadily above 24,000 yuan/mt. Enterprises were relatively cautious in raw material procurement, and inventory remained largely flat compared with last week.

[Announcement on Adjustments to Ansteel and Bensteel Group's May 2026 Domestic Futures Selling Prices for Sheets & Plates] Ansteel's product pricing policy for May 2026 was adjusted based on the April 2026 product pricing policy as follows: 1. Hot-rolled: raised by 100 yuan/mt. 2. Pickled: raised by 50 yuan/mt. Automotive steel raised by 100 yuan/mt. 3. Cold-rolled: unchanged. Automotive steel unchanged. Additionally: Anshen high-strength wire 590MPa, 780MPa, 980MPa, and 1180MPa grades unchanged. 4. Cold-hardened: unchanged. 5. Galvanizing: unchanged. 6. Non-oriented silicon steel: raised by 100 yuan/mt. 7. Color-coated: unchanged. 8. Medium-thickness plates: raised by 100 yuan/mt. 9. Wire rod: unchanged. 10. Rebar: unchanged. 11. Alloy surcharge: refer to the price list for details. Ansteel Co., Ltd. Marketing Center Apr 2026 Bensteel Group's product pricing policy for May 2026 was adjusted based on the April 2026 product pricing policy as follows: 1. Hot-rolled: raised by 100 yuan/mt. 2. Pickled: raised by 50 yuan/mt. Automotive steel raised by 100 yuan/mt. 3. Cold-rolled: unchanged. Automotive steel unchanged. 4. Cold-hardened: unchanged. 5. Galvanizing: unchanged. 6. Electrogalvanization: unchanged. 7. Non-oriented silicon steel: raised by 100 yuan/mt. 8. Wire rod: unchanged. 9. Rebar: unchanged. 10. Special steel: raised by 100 yuan/mt. 11. Alloy surcharge: refer to the price list for details. Bensteel Sheets & Plates Marketing Center, Beiying Business Center Apr 2026

The Colorado Division of Reclamation, Mining and Safety (DRMS) has announced the completion of the Corley Mine Surface Burn Mitigation Project near Florence, ending a nearly year-long effort to extinguish a 9.5-acre smoldering debris pile. The project was fast-tracked in May 2025 after internal temperatures in the century-old coal waste surged to 1,000 degrees Fahrenheit, posing significant environmental and fire risks. Crews excavated approximately 82,000 cubic yards of coal waste and carbonaceous shale, cooling the material with water and gravel before burying the stabilized remnants under 164,800 cubic yards of dirt and rock. This successful mitigation addresses a spontaneous combustion issue that had persisted for two decades, securing the site against future ignition.

【SMM Steel】Egypt introduced final safeguard measures on imported flat steel, effective Apr 2, 2026, following an 116% surge in HR imports and 86% jump in CR/galvanized/color-coated steel (2021-2024). Duties decrease annually over three years. Year 1: HR 13.6% (min $76/t), CR 13.7% (min $83/t), galvanized 14.0% (min $93/t), color-coated 14.5% (min $122/t). Rates drop in years 2 & 3.

From January to February 2026, China's air conditioner production reached 40.118 million units, up 0.7% YoY. From January to February, national refrigerator production reached 16.643 million units, up 6.5% YoY. From January to February, national washing machine production reached 18.579 million units, down 0.8% YoY. From January to February, national color TV production reached 24.678 million units, up 2.3% YoY. In February 2026, China exported 6.84 million air conditioners, up 1.2% YoY; cumulative exports from January to February totaled 13.15 million units, down 6.5% YoY. Refrigerator exports reached 6.93 million units in February, up 26.6% YoY; cumulative exports from January to February totaled 14.91 million units, up 18.6% YoY. Washing machine exports reached 2.7 million units in February, up 18.1% YoY; cumulative exports from January to February totaled 6.1 million units, up 11.8% YoY. LCD TV exports reached 8.53 million units in February, up 34.4% YoY; cumulative exports from January to February totaled 17.69 million units, up 17.2% YoY.

In April 2026, Shougang Group adjusted the prices of some steel products based on the "Shougang Steel Products Sales Price Policy for March 2026" as follows: 1. The base price of HRC was raised by 200 yuan/mt. 2. The base price of pickled coils was raised by 200 yuan/mt. 3. The base price of cold-rolled coils was raised by 200 yuan/mt. 4. The base price of hot-dip galvanized sheet was raised by 200 yuan/mt. 5. The base price of aluminum-zinc coated and high-aluminum zinc-aluminum-magnesium coils was raised by 200 yuan/mt. 6. The base price of color-coated sheet was raised by 200 yuan/mt. 7. The base price of medium-aluminum zinc-aluminum-magnesium products was raised by 200 yuan/mt. 8. The base price of medium-thickness plates was raised by 200 yuan/mt. 9. Silicon steel: the base price of non-oriented silicon steel was raised by 200 yuan/mt, while the base price of grain-oriented silicon steel remained unchanged. All the above adjustments are tax-exclusive prices. The adjustments take effect from the date of issuance, and the right of interpretation belongs to the Marketing Center of Shougang Co., Ltd. This is hereby announced.

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,724.5/mt. In early trading, it fluctuated upward to a high of $12,829.5/mt, after which the center of copper prices shifted straight downward to a low of $12,721/mt. It then fluctuated upward in a pullback and finally closed at $12,780/mt, down 1.07%. Trading volume reached 17,000 lots, and open interest stood at 293,000 lots, down 8,255 lots from the previous trading day, mainly due to longs reducing positions. Overnight, the most-traded SHFE copper 2604 contract opened at 99,120 yuan/mt. In early trading, it rose to 99,530 yuan/mt, then fluctuated downward all the way to a low of 98,900 yuan/mt. Afterwards, the center of copper prices moved upward and finally closed at 99,140 yuan/mt, down 0.92%. Trading volume reached 27,700 lots, and open interest stood at 177,000 lots, down 1,993 lots from the previous trading day, mainly due to longs reducing positions.

[Information on Angang and Bensteel Group's Product Price Policy Adjustments for April 2026] Angang's product price policy for April 2026 was adjusted as follows based on the product price policy for March 2026: 1. Hot-rolled: raised by 200 yuan/mt. 2. Pickling: raised by 200 yuan/mt. 3. Cold-rolled: raised by 200 yuan/mt. Automotive steel was raised by 200 yuan/mt. In addition, Angangshen high-strength wire in the 590 MPa, 780 MPa, 980 MPa, and 1180 MPa grades was raised by 200 yuan/mt. 4. Cold-hard: raised by 200 yuan/mt. 5. Galvanizing: raised by 200 yuan/mt. 6. Non-oriented silicon steel: raised by 200 yuan/mt. 7. Color-coated: raised by 100 yuan/mt. 8. Medium-thickness plates: raised by 200 yuan/mt. 9. Wire rod: raised by 200 yuan/mt. 10. Rebar: raised by 200 yuan/mt. 11. Alloy surcharge: please refer to the price list for details. Angang Co., Ltd. Marketing Center Mar 2026 Bensteel Group's product price policy for April 2026 was adjusted as follows based on the product price policy for March 2026: 1. Hot-rolled: raised by 200 yuan/mt. 2. Pickling: raised by 200 yuan/mt. 3. Cold-rolled: raised by 200 yuan/mt. Automotive steel was raised by 200 yuan/mt. 4. Cold-hard: raised by 200 yuan/mt. 5. Galvanizing: raised by 200 yuan/mt. 6. Electrogalvanization: raised by 200 yuan/mt. 7. Non-oriented silicon steel: raised by 200 yuan/mt. 8. Wire rod: raised by 200 yuan/mt. 9. Rebar: raised by 200 yuan/mt. 10. Special steel: raised by 200 yuan/mt. 11. Alloy surcharge: please refer to the price list for details. Bensteel Group Sheets & Plates Marketing Center, Beiying Operation Center Mar 2026

Following review and deliberation, Baosteel hereby announces the adjustments to its domestic sales prices for April 2026 based on March 2026 (unless otherwise specified, all prices are tax-exclusive), as follows: I. Hot-rolled: Base price raised by 200 yuan/mt. II. Plate: Base price raised by 200 yuan/mt. III. Pickling: Base price raised by 200 yuan/mt. IV. Cold-rolled: Base price raised by 200 yuan/mt. V. Hot-dip galvanizing: Base price raised by 200 yuan/mt. VI. Electrogalvanization: Base price raised by 200 yuan/mt. VII. Al-Zn-Al-Mg (medium aluminum): Base price raised by 200 yuan/mt. VIII. Al-Zn-Al-Mg (high aluminum): Base price raised by 200 yuan/mt. IX. Aluzinc: Base price raised by 200 yuan/mt. X. Color-coated: Base price raised by 200 yuan/mt. XI. Non-oriented silicon steel: Base price raised by 200 yuan/mt. XII. Grain-oriented silicon steel: Unchanged. XIII. Seamless pipe: Base price raised by 200 yuan/mt. XIV. Welded pipe: Base price raised by 200 yuan/mt. XV. Wire rod: Base price raised by 200 yuan/mt. XVI. Bar: Base price raised by 200 yuan/mt. XVII. For adjustments to alloy surcharges as well as coating and plating surcharges, please refer to the April 2026 price list. XVIII. The above price adjustment notice shall take effect from the date of publication. XIX. The Marketing Center (Baosteel International) of Baoshan Iron & Steel Co., Ltd. reserves the right of final interpretation of this price adjustment notice. Baoshan Iron & Steel Co., Ltd. Marketing Center (Baosteel International) March 9, 2026