Shanghai Dianshan Iron and Steel Co., Ltd. made up and spread false information related to iron ore and other futures trading by e-commerce and was punished by the CSRC.

[Shanghai Diangang e-commerce fabricating and spreading false information related to iron ore and other futures trading is subject to administrative punishment by the Securities Regulatory Commission]-- the Securities Regulatory Commission investigated and tried the false information related to futures trading in Shanghai Diangang's e-commerce. It has been found out that 18:01 on January 27th, 2022, the official account "Esteel Diangang", which is registered in the Wechat platform for e-commerce in Shanghai Diangang, released [Iron Ore Daily]: 2022-01-27. The article consists of three pieces of message. the first message says, "traders have a tough attitude, showing a high price and a willingness to sell." Tangshan began or tightened production restrictions on the 28th. The second message said, "Atlas declares force majeure and is expected to affect it for one month." The third message said, "Rio Tinto's PB block shipments may be affected or reduced in March." The resulting reduction is not in the form of SP10 blocks to make up for, but the total decline. It has been verified that the above information is false. The CSRC decided to give a warning to Shanghai Diangang Electronic Commerce Co., Ltd. and imposed a fine of 300000 yuan.