[SMM HRC Daily Trading Volume] On June 20, the combined daily trading volume of HRC among sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM was 11,100 mt, up 560 mt or 5.3% MoM. Futures continued to rise first and then fall today. Spot prices increased by 20 yuan/mt MoM. Futures remained at a high level for a consecutive week, but the impact of the off-season was evident, with limited daily trading volume growth.