[SMM Hot-rolled Steel Daily Dealings] On June 21st, the total daily volume of hot-rolled steel transactions for the sample enterprises in SMM's three cities (Shanghai, Lechong, Tianjin) reached 11,750 tons, a daily decline of 1,450 tons (-11%) compared with the previous day.

The futures market was generally weak, lacking market confidence. Some merchants stopped trading, and downstream demand was cautious, leading to poor hot-rolled steel transactions.