[SMM Daily Transaction Volume of Hot-rolled Coils] On July 18, the total daily transaction volume of hot-rolled coils of SMM's sample enterprises in three cities (Shanghai, Lecong, and Tianjin) was 13,550 tons, with a daily increase of 1,770 tons, up 15.0% from the previous day.

In the morning, the futures market weakened significantly, and the market sentiment was cautious. In the afternoon, the futures market narrowed its losses, and some downstream terminals began to purchase, and speculative demand was released. The transaction volume of hot-rolled coils was average.