[SMM Daily Transaction Volume of Hot-rolled Coils] On July 4, the total daily transaction volume of hot-rolled coils in the three cities (Shanghai, Lecong, and Tianjin) sampled by SMM reached 11,120 tons, down 8,500 tons from the previous day, with a decrease of 43.3%.

In the afternoon, the futures market rally narrowed, the market trading atmosphere was weak, downstream terminals became cautious again, lacking speculative demand, and the transaction volume of hot-rolled coils was biased towards the downside.