[SMM HRC Daily Trading Volume] On January 23, the daily trading volume of HRC sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) surveyed by SMM totaled 4,550 mt, down 410 mt or 8.30% MoM.
The futures market slightly strengthened, and spot prices rose by 10-20 yuan/mt. As the year-end approaches, market trading sentiment has further weakened, with many traders and end-users entering holiday mode. Overall, trading has become increasingly sluggish.
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