[SMM HRC Daily Trading Volume] Spot trading continues to improve.

[Flat products] HRC export deals rise to 488-494 USD/tonne, overseas inquiries lag futures rally On 15 July, HRC and other flat-product export prices rose 1-2 USD/tonne day-on-day, with HRC deals at 488-494 USD/tonne. Chinese futures rallied for a second session, but with overseas prices holding flat, foreign buyers did not step up inquiries in response to the domestic rally; a few grades saw limited deals as the increase was modest. [Billet] Export billet FOB up 1-2 USD/tonne, Jiangyin at 458-460 USD/tonne On 15 July, export billet FOB prices rose 1-2 USD/tonne, with Jiangyin port quoted at 458-460 USD/tonne. Market feedback indicated buyers in Southeast Asia were pushing hard on price, while Chinese mills, mindful of production costs, had limited room to concede, making deals difficult to close. [Rebar] Rebar export offers up 1 USD/tonne, overseas price pressure keeps deals subdued On 15 July, rebar export offers edged up 1 USD/tonne. Traders reported that although export quotes tracked the futures gain, overseas buyers continued to press on price, and actual inquiries and deals showed no clear improvement.

Today, the iron ore market showed strong performance on the Dalian Commodity Exchange (DCE), with the benchmark contract I2609 ultimately closing at 762 RMB/ton, up 1.13%.