【SMM HRC Daily Trading】On April 22, the total daily trading volume of HRC in SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 10,980 mt, down 5,370 mt or 32.8% MoM.
Futures declined throughout the day, and spot prices fell by 10-40 yuan/mt. The market trading atmosphere weakened as futures dropped, and with the large trading volume yesterday, today's purchases were mainly based on low-price demand, resulting in a significant MoM decrease in daily trading volume.

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