【SMM Hot-rolled Daily Transaction Report】On May 28th, the total daily volume of hot-rolled steel transactions for SMM’s three cities (Shanghai, Lechong, Tianjin) sample enterprises was 10,500 tons, down 140 tons from the previous day, a decrease of 1.3%. Futures prices first rose and then fell, dragging down the pace of trader shipments. Transactions were still decent in the morning, but as futures prices weakened in the afternoon, traders raised their prices, leading to a significant decrease in transactions. Overall transactions for the day were average.
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