[SMM Daily Transaction of Hot-rolled Coils] On July 19, the total daily transaction volume of hot-rolled coils in the sample enterprises of SMM's three cities (Shanghai, Lecong, and Tianjin) was 10,440 tons, down 3,110 tons or 23.0% from the previous day.

The futures market presented a volatile trend, with a lack of market confidence. Downstream terminals remained on the sidelines, speculative demand basically disappeared, and the transaction of hot-rolled coils was poor.