Shandong Iron and Steel forecasts reduced related party transactions

Shandong Iron and Steel Company Limited has announced its projections for related party transactions for 2026, forecasting a decrease in both sales and purchases. The company expects to sell goods and provide services to related parties totaling CNY 14.74 bn, a reduction from the estimated CNY 18.33 bn for 2025. Similarly, purchases of raw materials, fuel, power, and services from related parties are projected to be CNY 19.74 bn in 2026, down from the estimated CNY 28.02 bn in 2025.

The projected decline in related party transactions for 2025 was primarily influenced by factors such as the acquisition of equity in Laiwu Steel Group Yinshan Section Steel Co., Ltd. and lower-than-expected purchases from related parties. The company emphasizes that these transactions adhere to fair, just, and open principles, ensuring no adverse impact on the company's financial health or the interests of its shareholders.

These forecasts and the overall related party transaction plan for 2026 have been reviewed and approved by the company's eighth board of directors at its nineteenth meeting, and are now submitted for consideration at the fourth extraordinary general meeting of shareholders in 2025, scheduled for December 26, 2025.