BSU(SH:600010) Jin Rong Shi Bao·2026-01-19 08:00Core Viewpoint - A significant explosion occurred at Baogang Group's steel plant, resulting in casualties and injuries, which will impact production lines and operations [3][4]. Group 1: Incident Details - On January 18, an explosion at a saturated water and steam tank in the steelmaking department of Baogang's plate factory led to 2 fatalities, 8 missing persons, and 84 injuries [3]. - The company activated its emergency response plan immediately after the incident, focusing on rescue operations, medical treatment for the injured, and cooperating with authorities for an investigation [3]. - The explosion caused damage to some facilities in the plate factory, affecting production lines, with loss assessments currently underway [3]. Group 2: Environmental Impact and Safety Measures - Environmental monitoring by Baotou's ecological department found no adverse effects on air or soil quality from the explosion, and no wastewater was produced at the site [3]. - Local authorities have initiated a comprehensive safety inspection within a 5-kilometer radius of the factory to address potential hazards [3]. - The Inner Mongolia Autonomous Region has formed an investigation team to determine the cause of the accident and hold responsible parties accountable [3]. Group 3: Company Response and Market Reaction - Baogang expressed deep condolences for the victims and committed to enhancing safety awareness and conducting thorough safety checks to prevent future incidents [4]. - Following the incident, Baogang's stock experienced a significant decline, hitting the daily limit down, with a reported drop of 5.20% [5].