[SMM Daily Transaction Volume of Hot-rolled Coil] On July 25, the total daily transaction volume of hot-rolled coil of sample enterprises in SMM's three cities (Shanghai, Lecong, and Tianjin) reached 9,820 tons, representing a daily decline of 810 tons or 7.6%.

The futures market continued to weaken significantly, and the market trading atmosphere was bleak. Participants were basically in a wait-and-see mode, waiting for market changes, resulting in poor transaction volume of hot-rolled coil.