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According to Indonesian trade statistics, the country’s exports of hot-rolled coils (HRC) reached 42,000 tonnes in May 2026—a decline of 83.5% month-on-month and 83.0% year-on-year. In terms of destinations, approximately 40,000 tonnes were shipped to Bulgaria, accounting for nearly the entire monthly export volume, whereas no exports were recorded for this destination during the same period last year. JIS G 3302 SGH490+A steel,Other shipments included 1,100 tonnes to Malaysia and 900 tonnes to Thailand—markets that also saw zero imports from Indonesia in the same period last year. The average export price for the month rose by approximately $40 year-on-year, reaching $530 per tonne (FOB).
Cumulatively, total HRC exports from January to May reached 928,000 tonnes, an increase of 53.9% year-on-year. Italy led the list with 293,000 tonnes, followed by Belgium (139,000 tonnes) and Spain (124,000 tonnes), with EU nations serving as the dominant export destinations. JIS G 3302 SGH490+A steel,Previously, Indonesia—classified as a developing nation—had been exempt from the European Union’s safeguard tariff-rate quotas. However, a new import management system implemented in July has effectively brought Indonesian exports under quantitative restrictions, creating an increasingly challenging environment for exports to the EU.
Market observers believe that Indonesian steel mills may prioritize domestic supply in May. Meanwhile, exports to Southeast Asian nations—such as Vietnam and Malaysia—have expanded in recent years. JIS G 3302 SGH490+A steel,A decline in exports to the European Union from July onwards appears inevitable; consequently, surplus steel originally destined for Europe may be redirected to Asian markets, potentially exerting downward pressure on regional prices.
