SMM HRC Daily Trading Volume Drops 7.70% on Feb 27 Amid Moderate Market Atmosphere

[SMM HRC Daily Trading Volume] On February 27, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 19,650 mt, down 16,300 mt day-on-day, a decrease of 7.70%.

Today, futures first declined and then rebounded, while spot prices remained generally stable. The market trading atmosphere was moderate, with demand steadily released. Overall trading remained at a high level, and subsequent transactions are expected to fluctuate rangebound.