[SMM Weekly Review of the Indonesian Market] Steel product prices in Indonesia have remained unchanged since last week

[Indonesia] Currently, wire rod prices stand at 505 USD/metric ton FOB. Prices have shown no movement for a week due to the still-uncertain market situation, compounded by a complete lack of indications from external drivers (Chinese steel mill prices, coke prices, etc.). Buyers remain in a wait-and-see mode, while mills are also reluctant to lower prices as there are no compelling factors forcing them to do so. Even news of scheduled maintenance around late September has not prompted buyers to purchase the product, as the mills have stated that this should not hinder production. Prices will remain stable unless there are major driving factors or a significant situation arises that necessitates an urgent price decrease or increase.

PT Multi Colour Indah Indonesia (Mulcindo) showcased its latest innovation, the Corramco Steel Pipe — a corrugated steel pipe made from galvanized steel coated to prevent corrosion — at the Mining Indonesia 2026 exhibition, running September 9-12 at JIEXPO Kemayoran, Jakarta. Mulcindo Director Suwirja Dinata said the product, manufactured at the company's Gresik facility, offers a range of advantages, as the company continues expanding its steel-based product lineup amid growing infrastructure development across the country.