SMM Reports 13.9% Daily Decline in Hot Rolled Coil Transactions Amid Market Uncertainty

Published: Aug 28, 2024 17:30

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[SMM Daily Hot Rolled Coil Transactions] On August 28, the total daily volume of hot rolled coil transactions among sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, and Ningbo) amounted to 12,550 tonnes, with a daily decline of 2,020 tonnes or 13.9% compared to the previous day. Futures prices fluctuated, triggering renewed market uncertainty and caution, leading downstream terminals to mainly procure on an as-needed basis, resulting in average transaction volumes of hot rolled coils.

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