**[SMM Daily Hot-Rolled Coil Transactions]** On November 12, the total daily hot-rolled coil transaction volume of sample enterprises across four cities in SMM (Shanghai, Lecong, Tianjin, Ningbo) amounted to 10,920 tonnes, marking a decrease of 120 tonnes or -1.1% from the previous day.
The futures market experienced volatile weakness with a late rally, leading to heightened market uncertainty. Speculative demand temporarily waned, and downstream buyers procured based on their needs, resulting in weaker hot-rolled coil transactions.
![[СММ Сталь]](https://imgqn.smm.cn/usercenter/GfiYT20251217171720.jpg)
![[СММ Сталь]](https://imgqn.smm.cn/usercenter/NtHAJ20251217171719.jpg)

