SMM HRC Daily Trading Volume】On February 28, the daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 18,640 mt, down 1,010 mt or 5.10% on a daily basis.
Futures prices initially declined but later rebounded, while spot prices remained generally stable. Afternoon market transactions were significantly better than those in the morning, with trading volume slightly down MoM but overall remaining at a high level.
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