[SMM Daily Hot-rolled Coil Transaction] On August 12, the total daily transaction volume of hot-rolled coils of the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) was 9,630 tons, a daily decrease of 4,660 tons, or 32.6%.

The futures market fell sharply, the trading atmosphere was bleak, and the sentiment for a further decline was strong, leading to poor transactions of hot-rolled coils.