[Operating Rates of Galvanising Producers Continued to Increase]: This week, the operating rate of the galvanizing industry was 53, up 13.94 percentage points WoW. Raw material side, zinc prices fluctuated this week, and zinc ingots previously price-fixed by galvanising enterprises arrived one after another, leading to a slight increase in zinc ingot inventory at galvanising enterprises.

[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

[Galvanising Enterprises Gradually Ramped Up Production This Week, with Higher Operating Rates]: This week, the operating rates of galvanising producers were 39.06%, up 32.22 percentage points WoW. Raw material side, zinc prices mainly fluctuated this week, transportation returned to normal, long-term contract deliveries from major producers arrived, and enterprises purchased on price dips, with zinc ingot inventory at galvanising enterprises increasing slightly.

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

[Galvanising enterprise WoW fewer resumed work, operating rates fell from pre-holiday]: Galvanising industry operating rate was 6.84% this week, down 6.2 percentage points WoW from pre-holiday. Raw material side, zinc prices mainly fluctuated this week, but most downstream were still on holiday and had not resumed work, transportation was gradually recovering, enterprises mainly consumed inventory, galvanising enterprise zinc ingot inventory slightly decreased.

According to SMM research, most galvanising enterprises resumed production between the tenth day (February 26) and the sixteenth day (March 4) of the first lunar month. Small and medium-sized enterprises generally resumed operations after the Lantern Festival (March 2), with an average holiday duration of around 21 days.

[Galvanising enterprises mostly on holiday, operating rates drop significantly]: This week, the operating rate of the galvanizing industry was 16.25%, down 22.35 percentage points WoW. From the raw material side, zinc prices mainly fluctuated this week, but most downstream enterprises were on holiday, with pricing being the main activity and fewer cargo pick-ups. However, large plants had basically received long-term contract goods by the beginning of the week, and zinc ingot inventories at galvanising enterprises increased slightly.

[Marginal Improvement in Demand, Operating Rates Rise]: This week, the operating rates of galvanising producers recorded 54.28%, up 1.71 percentage points WoW. In terms of raw material inventory, zinc prices fluctuated upward this week, while downstream purchasing enthusiasm was low, with restocking mainly driven by rigid demand...

[Seasonal Pullback in Orders, Operating Rates of Galvanising Producers Continue to Decline]: This week, the operating rate of galvanising producers recorded 58.72%, pulling back by 3.76 percentage points WoW. In terms of raw material inventory, zinc prices fluctuated continuously this week, downstream purchasing enthusiasm remained low, and restocking was mainly driven by rigid demand...

【How Did Galvanizing Perform Across Regions in December 2024?】The operating rates of galvanising producers continued to grow in December, with overall consumption remaining strong. How did the operating performance of galvanizing vary across regions?...