Core Viewpoint - Shanghai Steel Union (300226) has shown a positive market performance with a closing price of 25.16 yuan, reflecting a 3.75% increase as of December 26, 2025 [1] Group 1: Company Performance - The trading volume on December 26 was 196,600 lots, with a total transaction value of 502 million yuan [1] - The net inflow of funds from major investors was 2.5276 million yuan, while retail investors experienced a net outflow of 14.2219 million yuan [2] Group 2: Business Strategy and Developments - The company is focused on providing pricing services for bulk commodities and has established a price index widely used in various sectors, including steel, iron ore, and coal [2] - Over 30% of China's imported iron ore transactions are settled using the Mysteel iron ore price index, and all coking coal imported from Russia to China is based on the Mysteel coal index [2] - Currently, the company has not partnered with banks to access CIPS or conduct cross-border RMB agency clearing [2]

Core Viewpoint - The company, Shanghai Steel Union, is focusing on enhancing its role in the financial support for the Western Land-Sea New Corridor, particularly in areas of RMB pricing, cross-border payments, and digital financial cooperation [1]. Group 1: RMB Pricing - The company has already implemented RMB pricing and settlement for iron ore and plans to expand this to additional products and scenarios [1]. - It aims to increase the proportion of RMB settlements in platform transactions to a target ratio and incremental scale over the next 6-12 months [1]. - Currently, over 30% of China's imported iron ore transactions are settled using the Mysteel iron ore price index published by the company [1]. Group 2: Cross-Border Payments and CIPS - The company has not yet partnered with banks to access CIPS or to conduct cross-border RMB agency clearing [1]. - The Mysteel coal index is used as the settlement benchmark for all coking coal imported from Russia to China [1].

Core Viewpoint - Shanghai Steel Union (300226) is actively engaging in the financial support of the Western Land-Sea New Corridor, focusing on RMB pricing, cross-border payments, and digital financial cooperation [1] Group 1: RMB Pricing - The company has already implemented RMB pricing and settlement for iron ore and plans to expand this to additional products and scenarios [1] - The target proportion of RMB settlement in the platform's matching volume is expected to increase over the next 6-12 months, although specific figures for the incremental scale were not disclosed [1] Group 2: Cross-Border Payments and CIPS - Currently, the company has not partnered with banks to access CIPS or to conduct cross-border RMB agency clearing [1] - The company emphasizes its role in providing benchmark prices for various commodities, which are widely used in spot trade settlements and derivative contract settlements [1]