[SMM Daily Transaction Volume of Hot-rolled Coils] On July 16, the total daily transaction volume of hot-rolled coils in the sample enterprises of SMM's three cities (Shanghai, Lecong, and Tianjin) reached 11,820 tons, representing a daily decrease of 1,510 tons, or -11.3%.

The futures market fluctuated, but market confidence was lacking, resulting in a poor trading atmosphere for hot-rolled coils. The downstream terminal and speculative demand decreased, leading to a relatively weak trading performance of hot-rolled coils.