Entering June, the regional price differentiation in the global hot-rolled coil (HRC) market has become more pronounced. At present, only the US market remains at high prices, while the Asian market is under pressure from price fluctuations. 

Chinese traders pointed out that weak summer demand and intensified export competition limited the momentum for a price rebound. The price increase in May was mainly driven by policy stimulus, with insufficient improvement in actual demand. 

Vietnamese Hoa Phat Steel lowered its HRC price this week, attracting some buyers' attention. However, the rainy season has begun in the region, and slow demand from the manufacturing sector has kept overall market transactions conservative. 

On the other hand, the demand recovery from the Middle East supported India's HRC exports, making it a major focus for Indian steel mills. 

The European market remained stable due to reduced HRC supply and new import quotas, but downstream demand was sluggish, with transactions mainly driven by real needs. The US market, due to tight supply and steel mills' maintaining their offers, is the strongest price region globally. 

Overall, the global HRC market has gradually shifted from the rapid price-up phase in the second quarter to a period of trend testing. If demand remains insufficient, prices may face downward pressure in the future.