[SMM HRC Daily Transactions] Futures Show Weak Trend, Spot Transactions Reflect Sluggishness [SMM HRC Daily Trading] On March 17, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 12,830 mt, down 5,100 mt (-28.4%) day-on-day. Today, futures showed a weak trend, spot prices dropped by 20-50 yuan/mt, and both futures and spot trading were sluggish. Transactions were mainly based on purchasing as needed, with inquiry orders being difficult to close. The daily trading volume saw a significant decline.