[SMM Daily Hot-rolled Coil Transaction] On August 12, the total daily transaction volume of hot-rolled coils of the sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) was 9,630 tons, a daily decrease of 4,660 tons, or 32.6%.
The futures market fell sharply, the trading atmosphere was bleak, and the sentiment for a further decline was strong, leading to poor transactions of hot-rolled coils.
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