Baosteel: The company's production capacity target has been adjusted from "80-100 million tons" to "80 million tons +", not solely pursuing scale expansion

Baosteel: The company's production capacity target has been adjusted from "80 million to 100 million tons" to "80 million tons plus," focusing not solely on scale expansion but more on collaboratively tapping into existing value. Domestically, there are limited high-quality acquisition targets or low likelihood of mergers; overseas, our medium to long-term goal is to acquire a capacity layout of "5 million tons plus," but we will strictly seize opportunities and investment returns. Overall, we adhere to a prudent, strategically oriented expansion principle. (Baosteel Board Secretary Office WeChat Public Account)