[SMM Steel] Indonesian Billet Prices Increases due to Coking Coal-Driven Buying Rush

Published: Sep 1, 2026 16:10

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[Indonesia] Billet is increased 2 USD/ton, now at 477 USD/ton FOB. This is because that the price is already consider expensive at the market so the buyer will think twice, however right now some info that there are a lot of buyers do some long position because globally the price of cooking coal seems increase, so the buyer tries to buy a lot today worry that the price could go up. That’s why the demand is increasing and the mills happy to increase the price. If the demand is really rising up for the next days and consistently rising up the price will also go higher once more.

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