[SMM Steel] Indonesian Slab Prices Remain Stable Following Yesterday’s Market Price Adjustment

Published: Sep 30, 2026 15:52 (GMT+8)

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[Indonesia] Last Friday (September 25, 2026), slab prices fell and dropped again last Monday (September 28, 2026); however, since no demand was recorded yesterday, prices rose again and are now stable at 490 USD/metric ton FOB. This is a strategy employed by steel mills to stimulate demand and maintain competitiveness by lowering prices, while still maintaining logistics until January 2027. However, as demand has remained flat due to the ongoing sluggishness in the market, prices have stabilized back to normal levels, similar to last week. Now, if demand remains the same or buyers begin restocking, the market will see movement.

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