Hot rolled coil prices fell in the Southeast Asian market

Southeast Asian countries such as Taiwan have been demanding more steel products since the construction sector started to recover.
With government support encouraging infrastructure and residential construction, many local factories in Taiwan decided to meet customers' needs by importing wire rod and hot rolled coil from India.

Recently, as the market demand has weakened, India has offered hot rolled coil to Southeast Asian countries at a lower price. As for the future price trend, whether the price will drop or not, the outcome still depends on general demand and control of the epidemic.