It has been decided that Baosteel's domestic sales prices for June 2026 will be adjusted from the May 2026 basis as follows (unless otherwise specified, the following are all tax-exclusive):

Hot Rolled

Base price up by 100 RMB/ton.

Heavy Plate

Base price up by 100 RMB/ton.

Pickled

Base price up by 100 RMB/ton.

Cold Rolled

Base price up by 100 RMB/ton.

Hot-dip Galvanized

Base price up by 100 RMB/ton.

Electro-Galvanized

Base price up by 100 RMB/ton.

Zn-Al-Mg (Medium Al)

Base price up by 100 RMB/ton.

Zn-Al-Mg (High Al)

Base price up by 100 RMB/ton.

Galvalume

Base price up by 100 RMB/ton.

Color Coated

Base price up by 100 RMB/ton.

Non-oriented Electrical Steel

Base price up by 100 RMB/ton.

Grain-oriented Electrical Steel

Base price up by 200 RMB/ton, with an additional 100 RMB/ton increase for grades 75 and above.

Seamless Pipe

Base price for mechanical structural pipes up by 100 RMB/ton; oil pipes and high-pressure boiler tubes remain unchanged.

Welded Pipe

Base price up by 100 RMB/ton.

Wire Rod

Base price up by 100 RMB/ton.

Bar Steel

Base price up by 100 RMB/ton.

For adjustments to alloy surcharges as well as coating and plating surcharges, please refer to the June 2026 price list.

The above price adjustments take effect immediately from the date of this announcement.

The right to interpret this price adjustment notice is vested in the Marketing Center (Baosteel International) of Baosteel Co., Ltd.

Baosteel Co., Ltd.

Marketing Center (Baosteel International)

May 11, 2026