【SMM HRC Daily Trading Volume】Rumors of Production Restrictions Resurface, Spot Trading Volume Falls Short of Expectations
【SMM HRC Daily Trading Volume】On April 27, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) tracked by SMM was 10,860 mt, a decrease of 1,060 mt or 8.9% day-on-day.
With no guidance from futures today, spot prices initially surged significantly, followed by a slight correction in the afternoon. The night session on Friday saw a strong rally, but end-users remained cautious, with market trading falling short of expectations. The daily trading volume fluctuated rangebound on a daily basis.
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