[SMM Steel] Indonesian Slab Prices Hold Steady, Market Awaits Next Signal

Published: Sep 3, 2026 15:30

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[Indonesia] After a week of market movement in slab prices, prices are now holding steady at 480 USD/ton FOB. This is because, although demand has actually been increasing, some buyers remain in a wait-and-see mode. On one hand, some buyers are waiting for pricing cues from Vietnamese mills; on the other, some are watching Chinese futures prices. If clear direction emerges from either side, the market could start moving again — particularly if Chinese futures prices rise, which could prompt buyers to take long positions. For now, futures prices have dipped slightly, and the market continues to await further updates.

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