According to SMM data, China's aluminum billet inventory in major consumption regions fell to 154,500 mt on June 11, down 8,000 mt from last Thursday and down 5,500 mt from Monday, with the destocking pace further slowing. From the perspective of warehouse withdrawals, aluminum billet withdrawals recorded 51,700 mt during June 1–8, down 4,100 mt WoW.

Radiance Renewables has commissioned an 87MW solar project at Korwar in Karnataka. The project is expected to generate around 3.48 million MWh of clean electricity over its lifetime and avoid about 2.96 million tonnes of CO₂ emissions. It is equipped with CEA-compliant reactive power compensation systems and is designed for future BESS integration. The project will supply renewable power to customers in sectors including data centers, FMCG and automotive

CMR Green Technologies, India’s largest non-ferrous metal recycler, is expected to make a strong stock market debut after its IPO was subscribed more than 127 times. The INR 6.31 billion (USD 66.3 million) offering attracted strong interest from institutional, non-institutional and retail investors, while grey market premiums indicate a potential listing gain of around 36%. CMR is a leading supplier of secondary aluminum products with an estimated 42-45% share of India’s automotive cast alloy market, serving customers including Maruti Suzuki, Honda Cars India, Bajaj Auto and Hero MotoCorp. The company operates 13 recycling facilities across India and produces recycled aluminum alloys, billets and other non-ferrous metal products. Growing demand from electric vehicles, recycling initiatives and decarbonization efforts is expected to support the company’s long-term growth outlook.

[Announcement on Ansteel and Bensteel Group's July 2026 Domestic Futures Selling Price Adjustments for Sheets & Plates in China] Ansteel’s price policy for July 2026, adjusted based on the June 2026 price policy, is as follows: 1. Hot-rolled: flat. 2. Pickled: flat. Automotive steel: flat. 3. Cold-rolled: flat. Automotive steel: flat. Additionally: Anshen high-strength wire grades 590MPa, 780MPa, 980MPa, and 1180MPa: flat. 4. Hard cold-rolled: flat. 5. Galvanized: flat. 6. Non-oriented silicon steel: flat. 7. Color-coated: flat. 8. Medium-thickness plates: flat. 9. Wire rods: flat. 10. Rebar: flat. 11. Alloy surcharges: please refer to the price list. Marketing Center of Ansteel Co., Ltd. June 11, 2026 Bensteel Group’s price policy for July 2026, adjusted based on the June 2026 price policy, is as follows: 1. Hot-rolled: flat. 2. Pickled: flat. Automotive steel: flat. 3. Cold-rolled: flat. Automotive steel: flat. 4. Hard cold-rolled: flat. 5. Galvanized: flat. 6. Electrogalvanization: flat. 7. Non-oriented silicon steel: flat. 8. Wire rods: flat. 9. Rebar: flat. 10. Special steel: flat. 11. Alloy surcharges: please refer to the price list. Bensteel Plate Marketing Center and Beiying Business Center June 11, 2026

As the NEV market develops, Malaysia is accelerating the establishment of a power battery recycling system. MARii estimates that by 2050, the country will need to recycle or dispose of 870,000 EV batteries. Currently, Malaysia has established a relevant regulatory framework and introduced the first EV battery passport standard in ASEAN (MS 2818). Meanwhile, Econili Battery New Energy has completed construction of a 24,000 mt/year power battery recycling project and plans to further expand its recycling capacity.

【SMM Steel】Atlas Tube, a Zekelman company, has agreed to form a joint venture with Maruichi USA combining their North American steel tube operations under Atlas Tube’s management. The JV is expected to be finalized in late June 2026. Zekelman has 17 manufacturing locations across North America with over 3200 employees and 3.3 million tonnes of annual capacity. Maruichi USA operates six facilities across the US and Mexico serving automotive construction and infrastructure sectors. Maruichi Leavitt Pipe & Tube has over 65 years of manufacturing history producing ASTM A500 A513 A53 and JIS G3445 specifications.

【SMM Steel】Mexican steelmaker TYASA started operations of its Special Steels project phase one on May 25, with $250m investment and 400,000 tonnes annual capacity. The new facility produces round bars 0.5-4 inches and hot-rolled flat bars 2-4 inches wide, serving automotive metalworking oil gas energy and toolmaking sectors. Total capacity reached 1.6 million tonnes per year, making TYASA the only Mexican producer across commercial long products flat steels and special steels. Inspection lines cold finishing and heat treatments will join operations in Q3.

The South Korean government, through its Ministry of Trade, Industry and Energy (MOTIE), has officially requested the European Commission to ensure fair treatment and preserve historical tariff-rate quota (TRQ) volumes for Korean steelmakers under the EU's newly adopted steel trade protection framework set to take effect on July 1, 2026. The revised EU system mandates a severe 47% reduction in global tariff-free import quotas to an annual ceiling of 18.3 million metric tons (mt), alongside doubling the punitive duty to 50% for any volumes exceeding specified limits. South Korea emphasized that its steelmakers, who heavily supply the European automotive and consumer appliance supply chains with high-end flat products, should not be unfairly penalized by anti-circumvention measures designed to target global overcapacity actors. The market impact indicates an escalating diplomatic and trade policy friction surrounding the EU's highly restrictive single market barriers.

Dongfeng’s new-generation solid-state battery (oxide-polymer composite) to start mass production in 2H 2026; demo vehicles logged >3.2 million km safely. Dongchi Energy’s semi-solid device shipped to Djibouti (offshore oil platform application). Aviation solid-state battery energy density exceeds 480Wh/kg, boosting eVTOL range by 65%+. Sun Xueliang’s team achieved low-cost Li₂S (cutting sulfide electrolyte cost by >86%) and Li-Te battery with 13,000+ cycles.

The 2nd SMM Southeast Asia Automotive Supply Chain Conference in 2025 was successfully held. At the conference, 10 new car models were unveiled, along with the Southeast Asia brand strategies of three automakers and SMM's Thailand domestic steel prices. It facilitated efficient negotiations between over 12 buyers and over 60 suppliers, initially establishing an exchange platform for the entire automotive industry chain in Southeast Asia. Currently, Southeast Asia's NEV industry has entered a critical development phase. Thailand, Indonesia, and Vietnam have each made strategic moves and breakthroughs, while the industry also faces challenges such as supply chain restructuring, technology route competition, and localization compliance. Fortunately, with support from all parties, SMM's Thailand and Indonesia domestic price systems have been launched and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 3rd conference in 2026 will focus on three core areas: exploring the sales potential of NEVs in Southeast Asia, bridging the last mile of the supply chain and integrating regional industrial resources, upgrading SMM's Southeast Asia metal quotations from price references to transaction benchmarks, and implementing the procurement application of electrification materials and establishing an actionable pricing system. We firmly believe that real progress comes from turning consensus into action. At this conference, cordially invites you to gather again in Bangkok to jointly transform strategic blueprints into market competitive advantages, to witness and participate in this extraordinary and far-reaching industry event, and to create a brilliant new chapter together! Click the to register immediately. Booth No.: B06 Tianjin CIMC Logistics Equipment Co., Ltd. is located in Tianjin Economic-Technological Development Area. It mainly designs, develops and manufactures logistics equipment, trolleys, storage racks and special containers, etc. It currently has three production bases in Tianjin, Wuhu (Anhui) and Chuzhou (Anhui), and has obtained certifications including ISO 9001, ISO 14000, IATF 16949, ISO 45001 and ISO 50001 management system standards. Since 2000, we have designed and manufactured various general-purpose pallets, boxes, racks and other line-side equipment as well as precise material racks for automakers in Japan, Europe and the United States, and China. We provide customized products and services based on customer needs, offering integrated logistics solutions for the automotive industry. The company has its own product R&D and design team, has cumulatively developed over 2,000 product categories, and ships 700,000 sets of products annually. Tianjin CIMC Logistics Equipment Co., Ltd. is located in Tianjin Economic-Technological Development Area. The company specializes in the design, development and manufacture of logistics containers, trolleys, storage racks and special containers. It currently operates three production bases in Tianjin, Wuhu (Anhui) and Chuzhou (Anhui), and has obtained certifications including ISO 9001, ISO 14001, IATF 16949, ISO 45001 and ISO 50001 management system standards. Since 2000, we have designed and manufactured general-purpose pallets, bins, racks, inline tooling and precision part racks for automotive manufacturers in Japan, Europe, the United States and domestic China. We provide customized products and services tailored to client requirements, and deliver comprehensive logistics solutions for the automotive industry. We have our in-house product R&D and design team, with more than 2,000 product varieties developed with an annual shipment volume of 700,000 sets. Contact Information Contact Lian Hao +86-13820657998（English） Wu Xiaoshan +86-15822677128（Japanese） Contact Us Zhang Jingjie zhangjingjie@smm.cn