[SMM Steel] Indonesian Billet Prices Surge Sharply.

Published: Aug 18, 2026 15:38

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[Indonesia] Indonesian billet prices rose by 7 USD/metric ton to around 465 USD/metric ton FOB for November shipments. This is due to fundamental support, as demand is currently on the rise. Demand is increasing because buyers are facing a shortage of the product, so they need to purchase it immediately. Thus, after showing a gradual price increase last week, now with improvements in the fundamentals, prices have risen more than expected, and it appears that demand will continue to rise steadily.

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