Liuzhou Iron & Steel(601003.SH) subsidiary #3 blast furnace system put into operation

Liuzhou Iron & Steel (601003.SH) released an announcement that its subsidiary, Guangxi Steel Group Co., Ltd. (hereinafter referred to as "Guangxi Steel"), is expected to start production of the No. 3 blast furnace system at the Fangchengang Steel Base Project (Phase I) by the end of November 2024. The Fangchengang Steel Base Project (Phase I) includes plans for a total of 3 blast furnaces and 4 converters. The No. 1 and No. 2 blast furnace systems were completed and put into operation at the end of June 2020 and November 2021, respectively. Once the No. 3 blast furnace system is in operation, the Fangchengang Steel Base Project (Phase I) will be fully completed.