Baoshan Iron & Steel Co.Ltd(600019) : in 2021, the company's RMB cross-border settlement procurement volume accounted for about 6%, and the target in 2022 was more than 10%

Baoshan Iron & Steel Co.Ltd(600019) on the investor interaction platform, the company has made preliminary attempts to promote RMB cross-border settlement with four major mines since 2019. In 2021, the company's RMB cross-border settlement procurement volume accounted for about 6%. In 2022, the target is that more than 10% of imported iron ore procurement will be settled in RMB. The company continues to strive to enhance the settlement influence of RMB in international bulk commodities and further promote the internationalization of RMB.