[SMM Daily Hot-rolled Coil Transaction Volume] On July 3, the total daily transaction volume of hot-rolled coils in the three cities (Shanghai, Lecong, and Tianjin) of SMM sample enterprises reached 19,620 tons, representing a daily increase of 8,160 tons, up 71.2%.

The futures market showed volatility and strength, and the market transaction atmosphere was acceptable. Prices rose in the afternoon, but the sentiment for terminal procurement was poor. However, the enthusiasm for purchasing based on the basis difference was strong, leading to good transactions of hot-rolled coils.