The 2nd SMM Southeast Asia Automotive Supply Chain Conference 2025 was successfully held, featuring the on-site launch of 10 new car models, the Southeast Asia brand strategies of three automakers, and SMM Thailand local steel prices. It facilitated efficient negotiations between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire Southeast Asia automotive industry chain. At present, the NEV industry in Southeast Asia is entering a critical stage of development. Thailand, Indonesia, and Vietnam each have their own deployments and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition among technology pathways, and localization compliance. With support from all parties, SMM’s local pricing systems in Thailand and Indonesia have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 3rd conference in 2026 will focus on three core priorities: exploring the sales potential of new energy vehicles in Southeast Asia; opening up the last mile of the supply chain and integrating regional industry resources; upgrading SMM Southeast Asia metal quotations from price references to trading benchmarks, implementing procurement applications for electrification materials, and establishing an executable pricing system. We firmly believe that real progress comes from turning consensus into action. At this conference, sincerely invites you to gather again in Bangkok to jointly turn the strategic blueprint into market competitive advantages, and to witness and participate in this extraordinary and far-reaching industry event, creating a brilliant new chapter together! Click to register now. Booth No.: B02 Delivering Power, Delivering Value LANDAI Technology 1996: Establishment 2015: Listed on the Shenzhen Stock Exchange 2025: Thailand Plant Establishment Products Automotive transmission gear, shaft, balance shaft, EV reducer Employees: 5,000+ Sales : RMB 3 billion Plant Location Chongqing, China Ma’anshan, China Huizhou, China Chonburi, Thailand LANDAI Technology Contact Information Contact www.cqld.com Contact: Frank Xiang Tel: +86-135 2755 6915 Email: frank@cqld.com Contact: Wei Huang 8393 4378 Email: huangw@cqldai.com Contact Us Yan Caowei 15618581967 yancaowei@smm.cn

The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the release of 10 new car models, Southeast Asia brand strategies from three automakers, and SMM Thailand local steel prices. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, preliminarily establishing a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the Southeast Asian NEV industry is entering a critical development phase, with Thailand, Indonesia, and Vietnam each making their own strategic moves and breakthroughs, while the industry also faces challenges such as supply chain restructuring, technology route competition, and localization compliance. Thanks to the support from all parties, SMM's Thailand and Indonesia local pricing systems have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 2026 3rd Conference will focus on three core themes: exploring the NEV auto sales potential in Southeast Asia; connecting the last mile of the supply chain and integrating regional industry chain resources; and advancing SMM Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing electrification material procurement applications and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, Shenzhen Joinunion Technology Co., Ltd. sincerely 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 co-create a brilliant new chapter! Click the to register now. Powering Homes and Roads Ahead Union Industry (Hong Kong) Holding Co. , Limited is a professional global supplier of components, focused on meeting the supply chain needs of multinational companies' industrial products. The company has developed a business model driven by a dual engine of '1+6' advanced manufacturing and manufacturing value-added services. By integrating global resources, it provides comprehensive services to customers, becoming a reliable partner for many international companies. To be a global leader in components and sub-assemblies, driving value through manufacturing excellence and end-to-end supply chain management. Process Process Integrated Fine Blanking Post-processing Solution Integrated Post-processing Solution Fine Blanking → Deburring → Sizing → Heat Treatment → Surface Coating → Cleaning → Inspection Clients We Work With Customer We Work With Contact Contact Shirley Wang M: +86 18573109058 E: shirley.wang@unindasia.com Contact Us Yan Caowei 15618581967 yancaowei@smm.cn

After the holiday, ferrous metals opened higher, but subsequent trends diverged—steel products and iron ore fluctuated at highs, while coke surged before pulling back. The strong rally during the week was mainly driven by disturbances outside China. During the holiday, the US-Iran standoff escalated with widening negotiation gaps, pushing raw materials to lead the gains in ferrous metals. Combined with capital inflows after the holiday, this provided a clear upward drive for prices. In the latter half of the week, market rumors suggested that Iran and the US had reached a consensus on easing the US naval blockade in exchange for the gradual reopening of the Strait of Hormuz, and bears increased their positions in coke. Data on the five major steel products were released, showing weakness in both supply and demand, with inventory not accumulating after the holiday. On the spot market side, traders had a strong willingness to hold prices firm, and purchases were made in both futures and spot cargo at low price levels...

Indonesian state-owned steel giant PT Krakatau Steel (Persero) Tbk (IDX: KRAS, hereinafter referred to as "Krakatau") released its 2025 consolidated financial statements on March 31, 2026. On the surface, the company recorded a net profit of 339.6 million USD (approximately 5.68 trillion IDR), its best performance since 2019. However, unpacking the core steel business reveals that the steel segment's operating loss in 2025 actually widened from 40.79 million USD in 2024 to 102.5 million USD.

[SMM Coking Coal and Coke Daily Brief] Supply side, coking costs increased, squeezing coke enterprise profits. Currently, coke enterprises maintained normal shipments, with their own coke inventory at low levels, and coke production levels were generally stable with slight increases. Demand side, steel mills currently had high production enthusiasm, hot metal production declined slightly but remained at a relatively high level, sustaining rigid demand for coke. Additionally, finished steel prices rose notably after the holiday, expanding steel mill profits. In summary, the third round of coke price increase has not yet been implemented, with coke and steel enterprises continuing to negotiate. In the short term, the coke market is expected to hold up well, remaining generally stable with slight rise.

India's crude steel production rose by 6% year-on-year in April 2026 to reach 12.1 million metric tons (Mt). Domestic finished steel consumption outpaced production growth, increasing by 8% to 11.3 million mt, driven by strong infrastructure activity. During the month, finished steel output stood at 11.6 million mt (+5.5% YoY), while imports jumped 12% to 0.6 million mt and exports fell by 15% to 0.5 million mt. The data confirms India's status as a primary driver of global steel demand, with strong domestic absorption reducing export surpluses and making the country a net importer for the period, which may support global steel prices amid tightening regional supply.

JSW Steel delivered record production and sales in FY2024-25, but weaker steel realizations dragged down revenue and margins, creating a clear growth paradox: higher volumes but lower earnings quality. As India’s largest steelmaker, JSW’s next challenge is to turn its scale into more resilient earnings through higher VASP contribution, stronger raw material security, selective overseas improvement, technology partnerships, and decarbonization readiness.

In the short term, cost support driven by energy price increases, combined with a relatively small supply-demand imbalance, suggested that sheets & plates prices would continue to fluctuate at highs with limited room for correction. Risk-wise, after today's daytime session, the U.S. side indicated that the U.S. and Iran were close to reaching a deal, causing Brent crude oil futures to plunge sharply. In addition, steel prices rose too quickly in this round, with actual demand realization remaining weak. Apparent steel demand in May was expected to peak and pull back, and supply-demand imbalances in the steel sector would slowly accumulate in mid-to-late May. Attention should be paid to developments in the Middle East situation and the pace of demand pullback in China.

[SMM Steel] Global steel and raw material prices continued rising in April 2026, with HRC, billet, scrap, and iron ore prices increasing 6.3–18.9% YoY, while coking coal surged 30.1% YoY. Imported US HMS 1/2 80:20 scrap prices to Vietnam rose 7.1% MoM and 13.8% YoY, while imported HRC prices also increased sharply in late April. In Vietnam, domestic HRC prices increased by around VND 900–988/kg, and coated steel prices continued rising with some mills raising prices 4–5 times during the month due to higher input costs. Against this backdrop, VNSTEEL’s total finished steel consumption in the first four months of 2026 increased 16.9% YoY, with long steel sales rising 30% and metal products growing 37.4%, supported by improving domestic construction and infrastructure demand.

[SMM Steel] Asian hot-rolled coil (HRC) prices continued to rise after Vietnam’s Hoa Phat increased June shipment prices by US$50/t, reinforcing the regional uptrend already seen in Taiwan and South Korea. Market participants viewed Hoa Phat’s move as particularly influential due to Vietnam’s role as a key regional pricing benchmark. Strong slab and HRC exports to Western markets tightened domestic supply in Vietnam, forcing local buyers to increase imports and pushing regional trading activity and prices higher. The supply shortage caused by mills prioritizing export orders continued to support the recovery of Asian steel prices.