[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Showed Some Improvement

Published: Jun 2, 2026 18:03

Save

[SMM Hot-Rolled Coil Daily Trading] On June 2, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 14,560 mt, up 580 mt or 4.0% DoD, up 45.02% YoY (solar calendar), and down 10.12% YoY (lunar calendar).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

43 mins ago

[SMM Hot-Rolled Arrivals] Arrivals at Mainstream Markets Declined Simultaneously This Week

43 mins ago

51 mins ago

【SMM Steel】Italy backs Metinvest Adria's green steel project with €285m incentives

【SMM Steel】Italy's Invitalia has approved €285m in incentives for Metinvest Adria's green steel plant in Piombino. The project, backed by Metinvest and Danieli with total investment of ~€3.2bn, is designed to produce over 2.7 million tonnes of low-carbon hot-rolled coil annually. The Italian government has designated it a national strategic interest project and will appoint a special commissioner to accelerate procedures. An additional €92m has been allocated to complete the north dock of Piombino port to support logistics. The EAF-based plant is expected to start operations by 2029.

51 mins ago

52 mins ago

【SMM Steel】US overtakes Netherlands as Turkey's largest scrap supplier in Jan-Apr 2026

【SMM Steel】Turkey imported 6.59 million tonnes of steel scrap in January-April 2026, up 0.4% year-on-year, with total import value reaching approximately $2.5 billion. The United States overtook the Netherlands as Turkey's largest supplier, with shipments rising 34% to about 1.4 million tonnes. By contrast, imports from the Netherlands fell 26.6% to just over 861,000 tonnes, though the Netherlands and the United Kingdom remained among Turkey's key suppliers.

52 mins ago