On January 1, He Wenbo, Party Secretary of the China Iron and Steel Association, and Chairman Zhao Minge delivered a 2026 New Year message saying that in 2025, China's steel industry will deepen its foreign cooperation and expand, and its international influence will steadily increase. Faced with complex situations such as intensifying international trade frictions, US tariffs disrupting the global economy, and increasing anti-dumping cases of steel exports, in 2025, we firmly implemented encouraging high-end export orientation, calmly dealt with various trade barriers, and successfully reached a quota and price commitment agreement with South Korea, building a solid barrier to stabilizing the surrounding market order. With the commissioning of key overseas equity projects such as the Ximandou iron ore mine and the Xipo iron ore mine, we are improving our ability to guarantee resources while bringing China's steel standards, technology and services to the world stage. 2026, as the beginning of the “15th Five-Year Plan”, is a key point for China's steel industry to move towards high-quality development. It is also a period of strategic opportunity for us to take advantage of the momentum and create brilliance again.

On January 1, He Wenbo, Party Secretary of the China Iron and Steel Association, and Chairman Zhao Minge delivered a 2026 New Year message saying that in 2025, China's steel industry will deepen its foreign cooperation and expand, and its international influence will steadily increase. Faced with complex situations such as intensifying international trade frictions, US tariffs disrupting the global economy, and increasing anti-dumping cases of steel exports, in 2025, we firmly implemented encouraging high-end export orientation, calmly dealt with various trade barriers, and successfully reached a quota and price commitment agreement with South Korea, building a solid barrier to stabilizing the surrounding market order. With the commissioning of key overseas equity projects such as the Ximandou iron ore mine and the Xipo iron ore mine, we are improving our ability to guarantee resources while bringing China's steel standards, technology and services to the world stage. 2026, as the beginning of the “15th Five-Year Plan”, is a key point for China's steel industry to move towards high-quality development. It is also a period of strategic opportunity for us to take advantage of the momentum and create brilliance again.