【SMM Hot-rolled Steel Daily Transaction Report】On June 11, the total daily transaction volume of hot-rolled steel from SMM’s three cities (Shanghai, Lechong, Tianjin) sample companies was 9,960 tons, a daily decrease of 3,620 tons, or -26.7%. After the Dragon Boat Festival, the futures market showed a large decline, with strong market speculation. The downstream terminals purchased goods mainly based on demand, resulting in poor hot-rolled steel transactions.
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