[SMM Stainless Steel Flash] Major Indonesian Mill Raises Stainless Steel List Prices by $30/mt

Published: Mar 30, 2026 10:00

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According to SMM, a leading stainless steel producer in Indonesia has officially raised its list prices by $30 per metric ton. This upward adjustment primarily reflects the ongoing cost pressures across the raw material sector, particularly the recent strength in nickel and ferrochrome prices, coupled with tightening spot availability. This decisive price hike from a major global producer is expected to provide robust cost support for the broader Asian stainless steel market and will likely prompt downstream buyers to swiftly re-evaluate their near-term procurement and inventory strategies.

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