[SMM Daily Transaction Volume of Hot-rolled Coils] On July 10, the total daily transaction volume of hot-rolled coils of sample enterprises in SMM's three cities (Shanghai, Lecong, and Tianjin) reached 11,610 tons, with a daily decrease of 1,490 tons, down 11.4%.

The futures market continued to weaken, resulting in a poor trading atmosphere. Downstream procurement was conducted on an as-needed basis, and traders' sentiment was low, leading to a weak performance in the transaction of hot-rolled coils.