Commodity futures in China opened higher on March 7, 2025, with the INE Freight Index rising by 4.2%. Crude oil prices increased by 0.2%. Notable gains were observed in metals, including Shanghai tin, which rose by 2.1%, while copper and nickel both increased by 1.5%. Other metals such as zinc and aluminum saw increases of 0.8% and 0.6%, respectively. Silver prices rose by 0.4%, whereas gold experienced a slight decline of 0.2%. Iron ore and steel rebars, however, fell by 0.3% and 0.5%. In a related development, Nomura has expressed a bullish outlook on the Indian steel industry, maintaining a 'Buy' rating on major companies like JSW Steel and JSPL, citing expectations of rising steel prices and favorable policy developments. The optimism surrounding Indian steel stocks has been fueled by positive signals from China, Germany, and India.