Shandong Iron & Steel to hedge commodity risks, streamline operations

Shandong Iron & Steel Co., Ltd. (SSE:600022) announced its 2025 commodity futures hedging plans to mitigate price volatility in iron ore, coking coal, silico-manganese alloy, and electrolytic nickel, allocating up to 200 million yuan for margin deposits, with all transactions conducted on domestic exchanges. The company will streamline operations by dissolving the Laiwu branch. The branch, with assets of 236.93 million yuan and liabilities of 172.22 million yuan as of September 2024, will have its operations, personnel, and assets integrated directly into the parent company to cut management layers and improve decision-making efficiency.