Looking at the global hot-rolled coil (HRC) markets, price trends continue to diverge. In Asia, price increases are driven by Chinese steel mills, while Europe and North America are generally cautious due to demand and policy uncertainties. 

Chinese mills continue to dominate the Asian market, and supported by policy expectations and improved demand, market confidence is gradually recovering. 

On the other hand, HRC supply in the Indian market is controlled by the mills, but downstream demand remains insufficient, which limits the potential for price-up. 

In contrast, prices in North America and Europe remain stable, supported by lower inventory at present, but demand has not shown a significant recovery.

Market participants believe the global HRC markets are at a turning point. Whether the Asian market can sustain its upward trend will rely on the recovery of domestic demand and export momentum in China, while the future trend in the European and North American markets will depend on inventory reduction and policy changes. 

Taiwanese distributors indicate that while China Steel Corp. (CSC) has been raising prices each month, distribution prices have not kept pace, so there's still uncertainty about the future trend.