[SMM Steel] Wire Rod Prices Are Stable, But May Change Tomorrow

Published: Aug 31, 2026 16:00

Save

[Indonesia] After a week of increases, wire rod prices have now stabilized at 495 USD/metric ton FOB. However, these prices may change tomorrow or in the near future. Previously, it was anticipated that prices would change because buyers were not very interested in purchasing at that price, which was considered high. However, that has not been the case; the cause is more closely related to coking coal prices, as raw material costs have risen—possibly due to water shortages, as reported last week. Given this situation, prices will rise, and buyers seem powerless to do anything but wait for prices to fall. If buyers continue to delay and refuse to buy now because they consider the price too high, the impact of rising coking coal prices may end up hurting them.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 mins ago

Data: SHFE, DCE market movement (Aug 31)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 31 Aug , 2026

19 mins ago

21 mins ago

[SMM Steel]

[Rebar] Today, rebar export quotations at Tianjin Port rose by USD 4/ton, with overall transaction prices ranging from USD 485-490/ton. According to exporters, domestic prices have risen notably recently, diminishing the price advantage of rebar exports. Some exporters are inclined to prioritize domestic supply commitments and reduce export allocations, resulting in relatively weak overall export transaction activity.

21 mins ago

26 mins ago

[SMM Steel]

[SMM Steel] Market feedback: Currently, the FOB price for B500B rebar with a specification of Φ18mm is quoted at USD 487/ton, with the loading port being Tianjin Port.

26 mins ago