At around 22:45 on March 8, 2020, the 3098 corrugated tube of No. 3 hot blast stove of No. 4 Blast Furnace in the Baoshan Base of Baosteel cracked, causing hot air to escape.

This equipment failure did not cause any casualties or environmental pollution accidents, and no abnormalities were found in other equipment.

At present, personnel are being organized to confirm the status of No. 3 hot blast stove of the No. 4 blast furnace, and at the same time, to conduct a comprehensive inspection of other hot blast stoves and other equipments.

After ensuring safety, No. 4 blast furnace production will resume as soon as possible.

As of now, the company's production and operation conditions are normal.

The accident is expected to have limited impact on the company's molten iron output in 2020 and can be compensated by subsequent production adjustments, which will basically have no impact on production and operation performance.