[SMM HRC Daily Trading] On March 12, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 16,580 mt, down 540 mt or 3.2% day-on-day.
Today, futures fluctuated upward, and spot prices rose by 10-20 yuan/mt. In the afternoon, rumors spread widely, and end-users showed strong bullish sentiment and actively made purchases. However, traders were reluctant to sell due to bullish expectations. The market trading atmosphere was relatively positive, and overall transactions remained at a high level.

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