On December 3rd, Gelonghuai reported that Xining Special Steel (600117.SH) announced that a safety accident occurred at its steelmaking plant on December 2, 2024. Preliminary investigations indicate that the incident was due to the falling of the argon refining furnace lid while two employees were performing maintenance work in the workshop. The company immediately carried out emergency measures on-site and sent the injured employees for medical treatment at the first opportunity; however, one employee died due to severe injuries despite rescue efforts. The company expresses deep condolences for the unfortunate deceased and extends heartfelt sympathies to the injured employees and the families of the deceased. The aftermath work of the accident is being carried out in an orderly manner.
As of now, the cause of the accident and the reasons for personnel casualties are still under further analysis and investigation. The company has not yet received the investigation report and relevant handling opinions from the safety regulatory department regarding this accident. The company has also not received notices from relevant regulatory departments for production suspension and rectification, and the production operation has not been affected. The company is currently unable to accurately estimate the direct economic losses caused by this accident.
