[SMM Daily Transaction Volume of Hot-rolled Coils] On July 2, the total daily transaction volume of hot-rolled coils in SMM's three cities (Shanghai, Lecong, and Tianjin) reached 11,460 tons, with a daily decline of 690 tons, or 5.7%.

The futures market showed volatile trends, the market trading atmosphere weakened, downstream observers' sentiment increased significantly, and the transaction volume of hot-rolled coils declined.