Asian hot-rolled coil and slab prices rose due to higher raw material costs and an appreciating Chinese yuan. Chinese hot-rolled steel offers hiked, though steel mills said that the speed of demand recovery remains crucial for sustaining higher quotations.

Indonesia reported firm offers for Vietnam, whereas Indian suppliers withdrew quotations to prioritize domestic sales ahead of Vietnam Hoa Phat Group pricing announcements. Supported by distant market transactions to the US and Turkey, Asian slab trade prices solidified.

In Taiwan, domestic spot prices of hot-rolled steel rose to new highs. Market participants indicated that China Steel Corporation (CSC) will likely implement a price increase of NT$500 for October, driven by the transmission of international price gains.