ASEAN Hot-Rolled Coil Prices Remain Steady
The regional reference price for hot-rolled coil holds at 533 USD per tonne amid quiet trading.
Updated on Oct. 21, 2026 in Stock Markets
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The ASEAN hot-rolled coil (HRC) reference price is unchanged at 533 USD per tonne. Market activity remains anchored by a recent sale from an Indonesian steelmaker to Vietnam.
Why it matters
The steady pricing reflects a period of cautious buyer sentiment as regional market conditions show signs of weakening. Traders are maintaining offers while remaining open to negotiation for firm bids.
The ASEAN HRC reference price currently stands at 533 USD per tonne. Traders are offering product at 534 USD per tonne but remain willing to accept bids in the range of 530 to 532 USD per tonne.
The players
Vietnam
This nation is a significant industrial consumer and a primary import destination for regional steel products.
Indonesia
This country is a major regional producer and exporter of steel materials to Southeast Asian markets.
The details
An Indonesian steelmaker recently secured a deal for 40,000 to 50,000 tonnes of SAE1006 HRC for delivery in January 2027 at a price between 535 and 536 USD per tonne. This transaction contributes to a total of approximately 100,000 tonnes of HRC that the manufacturer has sold to Vietnam in recent weeks.
Timeline
During the week of October 14, 2026, the Indonesian steelmaker completed a sale of 40,000 to 50,000 tonnes of HRC.
Delivery for the recent Indonesian steel sale is scheduled for January 2027.
Market Dynamics
The ASEAN hot-rolled coil (HRC) reference price monitoring serves as a central barometer for regional industrial demand and trade health. This report updates the figure established by the reference price monitoring to show current market stability.
The stabilization of HRC prices provides a benchmark for stakeholders assessing the cost of raw materials in regional manufacturing. Investors tracking industrial supply chains should monitor whether buyer caution leads to further price compression in the coming months.
The takeaway
Market participants are currently balancing set offers against lower firm bid expectations in a softening trade environment. Maintaining awareness of these price gaps is essential for navigating short-term procurement strategies.
Further reading
For broader trends in industrial commodity valuation, visit the Stock Markets section.
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