[SMM HRC Daily Trading Volume] On February 28, the daily trading volume of HRC from 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 fell but later rebounded, while spot prices remained generally stable. Afternoon trading in the market was significantly better than in the morning. Trading volume saw a slight decline MoM but remained at a high level overall.
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