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[SMM HRC Daily Transactions] Futures Remain Weak, Spot Transactions Show No Significant Decline

  • feb 24, 2025, at 6:01 pm
[SMM HRC Daily Trading Volume] On February 24, the daily trading volume of HRC from sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) monitored by SMM totaled 14,180 mt, down 420 mt or 2.9% from the previous day. Futures continued the downward trend from Friday's night session, and spot prices mostly dropped by 30-40 yuan/mt. Although both futures and spot prices declined, end-user purchase demand remained moderate, with overall trading volume only slightly down MoM.
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