【SMM Hot Rolled Coil Daily Dealings】On May 16th, the total daily trading volume of hot rolled coil of the sample companies in three cities (Shanghai, Lecong, Tianjin) of SMM reached 18,930 tons, with a daily increase of 6,560 tons (+53.0%) compared with the previous day.

Affected by macro news, futures trading showed a significant increase, and downstream purchasing enthusiasm was mobilized. Hot rolled coil was traded at a good price.