Baotou Steel Union advances key industrial upgrade projects

Inner Mongolia Baotou Steel Union Co., Ltd. (the Company) held the 38th meeting of its seventh board of directors on November 5, 2025. All 11 directors participated in the meeting, which was convened through remote voting after materials were distributed on November 3, 2025. The meeting’s conduct complied with relevant laws, regulations, and the company's articles of association.

During the meeting, the board unanimously approved two key proposals. The first resolution involved the "Proposal for the Establishment of the 8# Large Billet Continuous Caster Project for the Process Upgrade and Reconstruction of the Steelmaking Plant's 3# Continuous Caster." This proposal received 11 votes in favor, 0 against, and 0 abstentions.

The second significant resolution approved was the "Proposal for the Establishment of the Company's Green Rare Earth Special Steel Upgrade and Reconstruction Project." This initiative also passed with unanimous support, garnering 11 votes in favor, 0 against, and 0 abstentions. These approvals signal Baotou Steel Union's commitment to modernizing its facilities and focusing on high-value-added products.