Investor Presentaiton

Global and China Stainless Steel Product Structure by Grade, 2009 120.00% ResearchinChina 0.10% 0.01% 100.00% 11.60% 18.90% 80.00% Others 27.70% 60.00% 29.03% ■Cr-Mn(200) 40.00% 20.00% 60.60% 0.00% World ■Cr(400) ■Cr-Ni(300) www.ResearchInChina.com 52.06% China Source: ISSF; ResearchInChina Global and China Crude Stainless Steel Output, 2005-2009 (mln tons) 30 28.4 27.8 25.9 24.3 24.6 25 20 15 10 5.6 5 2.7 0 2005 7.2 6.9 8.8 www.Research InChina.com 2006 2007 2008 2009 Source: ISSF; ResearchInChina

View entire presentation