The fundamental challenge in the 304 stainless steel industrial chain is Instrument Asymmetry, a scenario where the dominant cost driver, Nickel Pig Iron (NPI), lacks a direct futures contract and forces participants to manage 75% of their risk using standardized proxies like pure nickel. This creates a lethal threat not from price volatility itself, but from the Basis Risk that occurs when physical assets and hedging tools decouple.

【SMM Steel】The first ScanLoop train arrived at Beddingen, carrying 25 wagons of steel scrap from Volvo Cars' Sweden plant to Salzgitter Flachstahl. The closed loop returns compressed stamping off-cuts to Germany for melting, using backhaul trains instead of running empty. The 700-km rail trip takes 1.5 days with 100% carbon-neutral power. Salzgitter's DEUMU and VPS manage it. It shows how circular economy boosts resource efficiency and cuts emissions.

The two parties will jointly explore the comprehensive application of embodied AI large models in automotive manufacturing scenarios.

Against the backdrop of the 90-day window period between China and the US, cargo volumes at ports have recently shown signs of recovery. Liner companies have also taken measures to restore capacity on US routes. "The current container shipping market is volatile and unpredictable. However, one thing is certain: the market demand for transportation this year is strong," Anne-Sophie Zerlang Karlsen, President of Maersk's Asia-Pacific Operations Center, told a Cailian Press reporter. During the "2025 Maritime Silk Road Port Cooperation Forum" held from May 27 to 28, Teng Yahui, Director and Deputy General Manager of Ningbo Port (601018.SH), said in an interview with media including Cailian Press that in response to the recent significant reduction in tariff hikes imposed by the US, the volume of containers exported to the US is expected to rebound significantly, with regular operations on US routes expected to resume by mid-June. Based on this, the company plans to take measures such as increasing cabin supply, improving service levels including terminal production efficiency, and strengthening empty container availability. According to Teng Yahui, from January to April this year, Ningbo Zhoushan Port handled 13.568 million TEUs of container throughput, up 9.9% YoY. Among them, the volume of laden export containers for foreign trade increased by over 10% YoY, with emerging market regions such as Southeast Asia, South America, and Africa seeing growth rates exceeding 20%. During the period when the US imposed tariff hikes on China, the company strengthened communication and coordination with shipping companies to ensure that the "quantity decreased slightly, but quality remained unchanged" on US routes. In response to the reduction in cargo sources on US routes, the company collaborated with shipping companies to jointly solicit cargo and actively developed new routes and cargo sources. Cailian Press also learned from Shanghai International Port Group (600018.SH) that from May 19 to 25, Shanghai Port handled 107,000 TEUs of container loading and unloading on US routes, up 75,000 TEUs MoM. As of now, suspended US route flights have been fully restored, with the weekly number of US route flights reaching 42, returning to normal levels. Liner companies are also increasing their capacity investments to ensure transportation. "During the previous tariff shock period, many customers still had shipping demands, so Maersk retained its services on China-US routes. The 'Gemini' alliance between Maersk and Hapag-Lloyd has a very flexible route network that can quickly adjust capacity, which is also a major solution the company provides to customers. Through the approach of 'replacing large vessels with smaller ones,' route capacity has been reduced by about 20%," Karlsen said. Currently, the company is fully committed to taking measures to return this capacity to the US route market. Karlsen further stated that Maersk has also been maintaining close cooperation with ports, including Ningbo Port, to facilitate timely adjustments to operational operations (such as adjusting vessel sizes) and improve operational efficiency. Subsequent capacity increases on Maersk's China-US routes will primarily focus on matching cargo owners' demands. Freight rates on relevant routes will be adjusted according to the market supply-demand relationship. As for COSCO SHIPPING Holdings (601919.SH), COSCO SHIPPING Lines has also strengthened market capacity supply by optimizing the layout of main routes, increasing the frequency of services in core markets, and opening up channels to emerging markets. For example, in the US West Coast market, the AAC route has been optimized, with additional calls at Yangpu Port. Due to the current robust market demand and limited supply, spot freight rates are still on the rise. Data provided by Jiyu Technology to a Caixin reporter shows that freight rates for voyages departing in June on the Shanghai-Los Angeles and Shanghai-Long Beach routes have all exceeded $4,500/FEU. The quote for the voyage departing on June 3, which Maersk inquired about today, is $5,205/FEU. Although this is a decrease from the opening price of $6,005/FEU, it is a significant increase compared to the quote of $3,705/FEU for the voyage departing at month-end inquired about on May 16. Regarding the trend in the US trade market, the head of a freight forwarding company in Ningbo revealed to a Caixin reporter: "Our current business volume on the US trade routes has recovered to about 120% of the level before the tariff impact. There are significant uncertainties this year, and shippers tend to ship goods as early as possible. It is expected that the peak season for shipping Christmas goods will also arrive earlier this year." Ke Ansu believes that from now until at least mid-July, the market will see very tight capacity on (US trade) routes. Although it is still unclear how much capacity will be available in the market, strong demand is certain. "Overall, it is expected that there will be a 'small peak' in port cargo volume in June. At that time, the market will have two factors supporting the shipping volume, namely robust shipping demand and an increase in capacity deployment by liner companies," Dai Zhanglu, Director of the Container Center at the Business Department of Ningbo Zhoushan Port Co., Ltd., told a Caixin reporter.

Organizer: SMM Information & Technology Co., Ltd. Title Sponsor: Ningbo Zhaobao Magnetism Industry Co., Ltd. Guiding Unit: Zhejiang Electric Motor Industry Association Co-organizers: National Intellectual Property Operation Center for Magnetic Materials Industry, Zhejiang Magnetic Materials Innovation Center, Qingdao Electric Motor Industry Association, Huzhou Electrical Appliance Industry Chamber of Commerce, Dongguan Magnetic Materials Industry Association Concurrent Events: SMM Electric Motor Industry Development Forum SMM Intelligent Robotics Industry Development Conference SMM Electric Motor Innovation and Energy-saving Technology Forum SMM Electric Motor Innovation Raw Materials Forum SMM Electromagnetic Wire Industry Forum SMM Rare Earth Permanent Magnets Industry Forum SMM Power Transformer Industry Chain Conference SMM Electric Motor Supply and Demand Networking SMM Electric Motor Industry Review Committee 2025 SMM Electric Motor Industry Annual Awards Ceremony Factory Field Trip and Visit 1 What You Will Gain from Attending IEMC Face-to-face communication with domestic and overseas buyers and producers; Establish your company's brand image and expand domestic and export sales markets; Help you expand high-level industry connections; Listen to domestic and international experts discuss global electric motor industry market trends; Directly engage with end-users, understand market feedback on new products and technologies, and quickly grasp market dynamics; Gain attention from numerous professional media, increase exposure, and attract more potential customers. 2 Why Choose Ningbo for IEMC? 1. Geographical Advantage Ningbo is located on the southern wing of the Yangtze River Delta, facing the East China Sea, with an advantageous geographical location. Ningbo Zhoushan Port has become one of the world's largest cargo throughput ports. 2. Intelligent Manufacturing Innovation Ningbo is the first pilot demonstration city for China's manufacturing power strategy, committed to building a new benchmark as the "Global Intelligent Manufacturing Innovation Hub." 3. Industrial Clusters Ningbo's electric motor industry, relying on its superior port and well-established industrial clusters, has formed an entire industry chain covering automobiles, home appliances, electric motors, magnetic materials, molds, and bearings, making it an important electric motor industry base on China's eastern coast. 4. Technological R&D With the continuous upgrading of intelligent innovation in the electric motor industry, the Ningbo Institute of Materials Technology and Engineering, Chinese Academy of Sciences, has significantly enhanced independent innovation capabilities by introducing advanced technologies, increasing R&D investment, and cultivating innovative talents, leading the technological progress and development direction of Ningbo's electric motor industry. 3 IEMC Exhibition Scope Booth Styles Raw Space (starting from 18m²) Raw space refers to an empty area that can be designed and constructed by the exhibitor or a qualified company, with costs borne by the exhibitor. Customized Booth (18m², 24m², 36m², 54m², 72m²) The booth is provided by the organizer with various style options, and the design and construction are completed by the organizer. Standard Booth 9m² (3*3M) Includes header board printing, bilingual signage, consultation table, negotiation table, and other exhibition equipment (specific configurations will be listed in the Exhibitor Manual). Exhibition Scope 1. Types of Electric Motors Small and medium-sized motors, permanent magnet synchronous motors, servo motors, geared motors, stepper motors, DC motors, new energy motors, hub motors, axial flux motors, energy-saving motors, micro motors, explosion-proof motors, brushed motors, brushless motors, traction motors, special motors, high-speed motors, low-speed motors, vibration motors, series-wound motors, ultrasonic motors, automotive motors, gear motors, asynchronous motors, AC motors, speed-regulating motors, variable frequency motors, household motors, generator sets, etc. 2. Motor Control Systems and Devices Drivers, inverters, controllers, sensors, protective devices, human-machine interfaces, interface units, contactors, relays, power supplies, circuit breakers, switches, communication modules, cables, terminal blocks, etc. 3. Supporting Products and Materials Permanent magnet materials, enamelled wire, cores (silicon steel), insulating materials, amorphous materials, commutators, bearings, motor shafts, rotary transformers, rectifiers, motor housings (aluminum alloy, magnesium alloy), end covers, lubricants, molds, carbon brushes, carbon, slip rings, stamping molds, ovens, wires, semiconductor materials, soft magnetic materials, powder metallurgy, engineering plastics, junction boxes, connectors, motor CAD design software, management software, electrical alloys, etc. 4. Robotics Welding robots, humanoid robots, collaborative robots, assembly robots, painting robots, handling robots, etc. 5. Testing Instruments and Equipment Winding machines, high-speed punch presses, punching machines, forging equipment, forging machinery, hydraulic presses, motor drives, industrial control equipment, production equipment, protection and control devices, vacuum equipment, insulation coating equipment, stamping equipment, plastic molding machines, specialized processing equipment, commutator finishing lathes, slotting machines, vacuum tubes, insulation sheet inserters, laser cutting machines, welding machines, spot welding machines, magnetizers, electrostatic powder coating machines, tooling fixtures, armature testers, comprehensive motor performance testers, dynamic balancers, electrical testers, dynamometers, insulation performance testers, magnetic measurement instruments, online testers, CAT, mechanical inspection equipment, tooling, production lines, etc. 4 Exhibition Integration·Renewal and Upgrade Special Reports With the theme of "Innovation-Driven, New Quality Development" Inviting 4 domestic and international academicians, 25 leading enterprises and industry chief experts to deliver keynote reports, ultra-efficient motor solutions, breaking the silos in the electrification process. Electric Motor Innovation and Energy-saving Technology Forum Improving Efficiency—Exploring Efficient Motor Drive Solutions; Cost Reduction and Efficiency Improvement—How New Technologies and Processes Reduce Costs and Improve Efficiency. Robotics Industry Forum Discussing the latest advancements in robotic motor technology, covering the application of high-performance motors in robotics, innovation in control algorithms, and the collaborative optimization of motors and robotic systems. New Energy Motors & Low-altitude Power Systems Forum Leading enterprises in new energy vehicle electric drives discussing forward-looking technologies; Gathering experts from aviation, drones, and power systems to share cutting-edge technologies and application experiences. Electric Motor Innovation Raw Materials Forum Development of New Materials: Discussing properties such as high conductivity, high-temperature resistance, and new insulating materials. Integration of Motor Design and Materials: Advanced concepts in motor design and how to incorporate new materials into the motor design process. Application of Eco-friendly Materials: Exploring sustainable material choices and their promotion in green motors. Concurrent Forum: Power Transformer Industry Chain Conference Discussing the integration of renewable energy and transformer technology; Applications of amorphous alloys in power transformers; Discussion on the application of new materials in transformer production; Global Transformer Market Trends and Challenges Special Activities SMM Electric Motor Industry Review Committee Gathering 150 review experts from the electric motor and end-use application fields to promote the healthy development of the electric motor industry. SMM Electric Motor Supply and Demand Networking Pre-event collection of procurement needs, precise connections; On-site communication during the event, face-to-face exchanges; Post-event follow-up services, selecting high-quality suppliers, promoting highly matched supply and demand. Visit "Industry Benchmark Factories" Experience the Path to Intelligent Motor Manufacturing in Zhejiang 2025 SMM Electric Motor Industry Annual Awards Gala Seven major awards create "Industry Waves," the selection begins, who will become the next "Benchmark" leading the industry wave. 5 IEMC Past Data 6 IEMC Past List Exhibition Information Name: IEMC 2025 SMM (5th) Electric Motor Annual Conference and Industry Chain Expo Time: November 12-14, 2025 Location: Zhejiang · Ningbo

On April 22, the National Energy Administration issued the "Typical Cases of Special Supervision on the Promotion of Distributed PV Filing and Grid Connection in 2024," which reported the main issues identified during the special supervision work on the promotion of distributed PV filing and grid connection organized in 11 provinces, including Hebei Province.