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Baosteel: over 10% of the company's imported iron ore purchases are settled in RMB in 2022

Baosteel (600019. SH) stated on the investor interaction platform on January 9, 2023, that in 2021, the company's RMB cross-border settlement purchases account for about 6%, and in 2022 more than 10% of imported iron ore purchases will be settled in RMB. The company is willing to actively participate in the process of RMB internationalization, contribute its strength, and strive to further increase the proportion of RMB payments in the future.


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