Hangzhou Iron & Steel subsidiary fined for safety accident
Hangzhou Iron & Steel Co., Ltd. (SSE:600126) announced that its wholly-owned subsidiary, Ningbo Iron & Steel, has received an administrative penalty from the Beilun District Emergency Management Bureau related to a safety incident that occurred in February 2025. The accident, involving a locomotive vehicle, resulted in one fatality. Ningbo Iron & Steel was deemed responsible for failing to properly fulfill its safety production responsibilities and will pay a fine of CNY 600,000. Hangzhou Iron & Steel stated that the company and Ningbo Iron & Steel management take the matter seriously and have implemented measures to enhance safety management. The company claims the incident and fine will not have a material impact on operations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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