BSU(SH:600010) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-06 12:48Group 1 - The steel industry is currently facing challenges due to cyclical downturns and tariffs imposed by certain countries, which adds to the industry's difficulties [1] - In 2024, China's largest steel export destination will be the ASEAN countries, with an expected export volume of 33.549 million tons, significantly higher than the Gulf Cooperation Council (12.315 million tons) and the European Union (3.974 million tons) [1] - Baogang Group holds exclusive mining rights to the world's largest rare earth mine, Baiyun Obo, and offers rare earth steel that outperforms regular steel in terms of ductility, wear resistance, corrosion resistance, and low-temperature resistance, providing a unique competitive edge [1] Group 2 - Baogang Group plans to expand its market presence in countries involved in the Belt and Road Initiative, with ongoing projects such as the Hungary-Serbia Railway and the China-Laos Railway already featuring Baogang's products [1] - By the first half of 2025, Baogang's international steel exports are projected to exceed 700,000 tons, covering over 40 countries and regions, with more than 300,000 tons exported to Belt and Road Initiative countries, accounting for over 90% of total exports [1] - The products are primarily utilized in infrastructure construction, rail transportation, and oil and gas pipeline projects [1]