[SMM Daily Transaction Volume of Hot-rolled Coils] On July 22, the total daily transaction volume of hot-rolled coils among the sample enterprises in SMM's three cities (Shanghai, Lecong, Tianjin) reached 12,630 tons, an increase of 2,190 tons and 21.0% compared to the previous day.

The futures market experienced volatile weakness, and the market was in a wait-and-see state with uncertain expectations for the future market. There was a lack of speculative demand, and downstream terminals and traders mainly replenished their inventories based on demand, resulting in average transactions of hot-rolled coils.