[SMM Daily Transaction of Hot-rolled Coils] On July 24, the total daily trading volume of hot-rolled coils among the sample enterprises in SMM's three cities (Shanghai, Lecong, and Tianjin) reached 10,630 tons, representing a daily increase of 210 tons, or 2.0%.

The futures market continued to weaken, further dampening downstream demand for goods. The market lacked confidence, and sentiment towards the market was generally bearish, resulting in poor transactions of hot-rolled coils.