Some investors asked on the investor interaction platform: RMB internationalization. At present, oil RMB has been launched. Will Baoshan Iron & Steel Co.Ltd(600019) as a central enterprise, consider launching RMB for iron ore and negotiate with upstream suppliers to pay for iron ore in RMB during iron ore procurement, so as to help RMB internationalization?
Baoshan Iron & Steel Co.Ltd(600019) ( Baoshan Iron & Steel Co.Ltd(600019) . SH) said on the investor interaction platform on March 26 that since 2019, the company has successively made preliminary attempts to promote RMB cross-border settlement with four major mines. 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.
