【SMM Hot Rolled Daily Turnover】On May 30th, the total daily turnover of hot rolled steel of the SMM’s three cities (Shanghai, Lechong, Tianjin) sample enterprises reached 12,830 tons, with a daily increase of 1,880 tons (+17.2%) compared with the previous day.

Today's overall performance of hot rolled steel turnover was moderate, but the transactions mainly concentrated in the morning. In the afternoon, the futures market weakened, the inquiry atmosphere turned cold, and the market’s wait-and-see sentiment further intensified. The policy effect was poor, and the hot rolled steel transactions turned weak.