[Turkey] Turkish hot-rolled coil (HRC) prices edged higher, while cold-rolled coil (CRC) held steady under rising feed costs and policy constraints. For HRC, supported by higher Chinese coking coal costs, elevated Indian export offers to Europe, and expectations of a post-holiday European recovery, mills continued to test higher price levels. Domestic HRC ex-works prices edged up to 585–590 USD/tonne EXW; export quotes rose by 5 USD/tonne to 585 USD/tonne FOB; and import quotes advanced to 545 USD/tonne CFR. For CRC, elevated HRC costs eroded the export competitiveness of Turkish material, while EU CBAM considerations and anti-dumping duties continued to weigh on producers, keeping domestic and export quotes flat at 680 USD/tonne EXW and 675 USD/tonne FOB, respectively.

Indonesia is the world's 5th-largest steel exporter and 14th-largest crude steel producer, with ~25 Mt installed capacity. The domestic market, valued at USD 12,979.1 million in 2025, is growing at a 3.08% CAGR through 2033 — outpacing global averages. Yet capacity utilization sits at just 50–52%, below the ~80% profitability threshold, as cheap Chinese imports, aging BF-BOF infrastructure, and slowing infrastructure spending erode domestic mills' competitive position.