SMM Reports 6.6% MoM Decline in HRC Daily Trading Volume on December 25

[SMM HRC Daily Trading Volume] On December 25, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 14,330 mt, down 1,020 mt or 6.6% MoM.

The futures market continued to fluctuate rangebound, with a relatively average trading atmosphere. Transactions showed regional divergence, with northern demand remaining weak, leading to an overall decline in trading activity.