[SMM Daily Transaction Volume of Hot-rolled Coils] On July 11, the total daily transaction volume of hot-rolled coils in the sample enterprises of SMM's three cities (Shanghai, Lecong, and Tianjin) reached 13,260 tons, with a daily increase of 1,650 tons, or 14.2%.

The futures market slightly stabilized and rebounded, with a slight improvement in the trading atmosphere of the market. Downstream purchasing enthusiasm has increased, and terminal and futures-to-spot demand have both been released. The transaction volume of hot-rolled coils is generally satisfactory.