According to the market in Asia, the hot-rolled coil prices showed rebound on April 13th.

However, the market participants mentioned that Russia and India would be the key factor for the continuing price increase in the future.

From this year, the Asian hot-rolled coil prices have declined continuously, mainly caused by the outbreak of COVID-19.

However, after more and more steelmakers decided to cut their production even suspend their operation, the hot-rolled coil prices had started to rebound.

The market was now evaluating the quote prices from Russia and Indonesia, and the market also cared about how long the increasing trend could remain.