[SMM Steel] Billet Prices in Indonesia Soar Rapidly

Published: Aug 27, 2026 16:00

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[Indonesia] After a minimum price floor was set on Monday, billet prices continued to skyrocket. On Tuesday, prices had risen by 5 USD/metric ton, and today they rose again by 5 USD/metric ton to 475 USD/metric ton FOB. This reflects extraordinary growth in billet prices in Indonesia, driven by strong domestic demand and a slight increase in prices for products from China, which has given Indonesian steel mills the strength and confidence to raise their prices as well. It also confirms that Monday’s prediction was correct: when a minimum price floor is set and demand is strong, prices will rise.

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