Announcement on the Adjustment of Domestic Futures Selling Prices for Baosteel's Sheets & Plates for January 2026

After research and decision, Baosteel's domestic sales prices for January 2026 will be adjusted on the basis of December 2025 as follows (all prices below are exclusive of tax unless otherwise specified):
I. Hot Rolling
The base price increased by 100 yuan/mt.
II. Thick Plate
The base price increased by 100 yuan/mt.
III. Picking
The base price increased by 100 yuan/mt.
IV. Cold Rolling
The base price increased by 100 yuan/mt.
V. Hot-Dip Galvanizing
The base price increased by 100 yuan/mt.
VI. Electrogalvanization
The base price increased by 100 yuan/mt.
VII. Chalco Zinc-Aluminum-Magnesium
The base price increased by 100 yuan/mt.
VIII. High Aluminum Zinc-Aluminum-Magnesium
The base price increased by 100 yuan/mt.
IX. Aluminized Zinc
The base price increased by 100 yuan/mt.
X. Color Coating
The base price increased by 100 yuan/mt.
XI. Non-Oriented Silicon Steel
The base price increased by 100 yuan/mt.
XII. Grain-Oriented Silicon Steel
The base price increased by 100 yuan/mt.
XIII. Seamless Steel Tube
The base price increased by 100 yuan/mt.
XIV. Welded Pipe
The base price increased by 100 yuan/mt.
XV. Wire Rod
The base price increased by 100 yuan/mt.
XVI. Bar Steel
The base price increased by 100 yuan/mt.
XVII. For details on alloy surcharges and coating/plating surcharge adjustments, please refer to the January 2026 price list.
XVIII. The above price adjustments take effect from the date of announcement.
XIX. Baoshan Iron & Steel Co., Ltd. Marketing Center (Baosteel International) reserves the right of final interpretation of this price adjustment notice.
Baoshan Iron & Steel Co., Ltd.
Marketing Center (Baosteel International)
December 9, 2025