Huaibei Mining (600985.SH) stated on the interactive platform on September 18th that recently, due to the switch between the new and old national standards for rebar steel, the spot market price of coking coal has fallen sharply. It is expected that the long-term contract price of coking coal for the company in September will decrease by approximately 185 yuan per ton. The company will conscientiously implement the "Action Plan for Quality Improvement and Efficiency Increase for 2024", adhere to the general principle of steady progress, strengthen management and improve efficiency, and strive to enhance business performance through safe and efficient production, cost reduction, and revenue increase. In addition, the utilization rate of the newly constructed 0.6 million tons of anhydrous ethanol project in August was close to full production. Taking all factors into consideration, the downward adjustment of the long-term coking coal contract price in September will have a relatively small impact on the company's overall performance in the third quarter, and the performance in the fourth quarter will still depend on the specific pricing of the long-term coking coal contract.