【SMM Hot Roll Daily Transaction】On May 17th, the total daily transaction volume of hot rolls in SMM's three-city (Shanghai, Lechong, Tianjin) sample enterprises was 15,650 tons, down 3,280 tons (-17.3%) from the previous day.

Affected by the decrease of 0.25 percentage points in the interest rate of personal housing provident fund loans, the futures market continued to rise. However, as downstream demand has been released before, procurement enthusiasm has decreased, and the transaction volume of hot rolls is general.