[SMM Steel] No Movement on the Price for Indonesia’s HRC

Published: Aug 14, 2026 14:12

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[Indonesia] While wire rod and billet prices have shown slightly increase movement, HRC prices have remained largely stagnant, holding steady at around 510 USD/ton FOB. This can be attributed to a scarcity of bids and generally weak demand, as buyers increasingly look toward alternative suppliers in India, China, and Vietnam, where offers are more price-competitive. Despite this pressure, Indonesian mills remain reluctant to lower their prices further, constrained by persistently high production costs and other cost-related pressures.

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