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250 50 50 62% FE CFR China, US$/mt 100 150 200 0 1-Jan-2021 1-Mar-2021 PRC Crude Steel Price 7500 6700 5900 5100 4300 3500 1-May-2021 1-Jul-2021 1-Sep-2021 1-Nov-2021 1-Jan-2022 1-Mar-2022 62% FE CFR China, US$/mt Hot Roll Steel Plate (SPHC), RMB/mt Source: SSY & Marco Micro CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Hot Roll Steel Plate (SPHC), RMB/mt Mar/2022 Investor Presentation 20 20

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