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![[SMM Steel Market Morning News] National Bureau of Statistics (NBS): National Real Estate Development Investment Fell 9.8% YoY in January-February, and the EU Plans to Propose Export Restrictions and Tariffs on European Steel Scrap and Metals in Q3 2025.](https://static.metal.com/price.metal.com/3.1.13/image/news-default.png)
National Bureau of Statistics (NBS): National real estate development investment from January to February decreased by 9.8% YoY & The EU is expected to propose export restrictions and tariffs on European steel scrap and metals in Q3 2025.
Entering mid-March, as the traditional peak season effect of "Golden March and Silver April" gradually unfolds, the supply-demand pattern of spot aluminum in the aluminum industry chain continues to improve. Upstream production site inventory had already accelerated destocking in the earlier period, and recently, in-transit cargo volumes have contracted MoM. Coupled with the continued strong trend in weekly outflows from warehouses of aluminum ingots and aluminum billets, the domestic supply and demand pressure for spot aluminum has eased, inventory levels have significantly improved, and there were initial signs of destocking in domestic aluminum inventory mid-week last week. Recently, aluminum prices have also been attempting to break through the 21,000 mark. According to data from Shanghai Metals Market (SMM)...
XPENG to begin producing G6, X9 models in Indonesia in second half of 2025
XPENG announced plans to begin localized production of the XPENG G6 and XPENG X9 models in Indonesia by the second half of 2025.
[SMM Stainless Steel Spot Daily Review: No Fundamental Support, But Stainless Steel Spot Market Still Raises Prices] March 17—Stainless steel market prices continued to rise, with major producers adjusting prices upward, driving follow-up increases. The most-traded 2505 stainless steel futures contract fluctuated upward at high levels. Prices of some spot specifications closely followed the upward trend.
