SANGANG MINGUANG(SZ:002110) Qi Lu Wan Bao·2025-10-23 02:04Core Viewpoint - Fujian Sansteel Minmetals Co., Ltd. was fined 1.03 million RMB due to safety violations related to production accidents, including inadequate management of safety facilities and violations in on-site operations [1][2]. Company Overview - Fujian Sansteel Minmetals Co., Ltd. was established on December 26, 2001, and is primarily engaged in the steel industry, with additional operations in related sectors [3]. - The company was founded by Fujian Sansteel (Group) Co., Ltd. along with several other partners, including Xiamen International Trade Group Co., Ltd. and Xiamen International Port Co., Ltd. [3]. Regulatory Actions - The fine of 1.03 million RMB was imposed by the Emergency Management Bureau of Sanming City for violations of the Production Safety Law of the People's Republic of China [1][2]. - The specific violations included failure to manage safety facilities properly and instances of illegal command and operations on-site, which contributed to the occurrence of accidents [1][2].