[SMM Steel] Indonesian Wire Rod Prices Fall, as Predicted

Published: Aug 4, 2026 14:46

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[Indonesia] Indonesian wire rod prices are now under increasing pressure, hovering in the range of 475–480 USD/tonne FOB. This is due to additional downward pressure on wire rod prices in Indonesia. These pressures include sluggish export demand, low domestic demand, and now, with prices falling in China, buyers will increasingly pressure producers to lower their prices. If this continues and there is no significant change in demand, prices will continue to decline.

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