[SMM HRC Daily Trading Volume] On February 11, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 9,590 mt, down 1,740 mt or 15.4% MoM.
Futures fluctuated downward today, spot prices saw a larger decline, and the futures market continued to digest the impact of the US imposing additional tariffs. End-user sentiment leaned towards caution, with transactions mainly driven by low-price rigid demand. Overall performance declined MoM.
[SMM HRC Daily Trading Volume] On February 11, the daily trading volume of HRC from SMM's four sampled cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 9,590 mt, down 1,740 mt or 15.4% MoM.
Futures fluctuated downward today, spot prices saw a larger decline, and the futures market continued to digest the impact of the US imposing additional tariffs. End-user sentiment leaned towards caution, with transactions mainly driven by low-price rigid demand. Overall performance declined MoM.
