[SMM Daily Transaction of Hot-rolled Coils] On July 17th, the total daily trading volume of hot-rolled coils of sample enterprises in SMM's three cities (Shanghai, Lecong, and Tianjin) reached 11,780 tons, down 40 tons, or -0.3% compared to the previous day.

In the afternoon, the futures market fell sharply, and the market trading atmosphere turned directly downward. Downstream terminals and speculative sentiment were strong, resulting in weak trading of hot-rolled coils.