[SMM Steel] Indonesian steel billet rebounded slightly to $473/mt FOB, driven by market adjustments, with downward pressure persisting.

Published: Oct 14, 2026 15:42 (GMT+8)

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[Indonesia] Indonesian steel billet prices rose to $473/mt FOB today, up from $470/mt yesterday (October 13, 2026), after falling $2/mt last Friday (October 9, 2026). Today's increase was merely a market price adjustment, and the price level remains low. Slow local demand left steel mills with no choice but to lower billet prices. Chinese prices, one of the main drivers of Indonesian steel prices, also showed no signs of rising, adding further downward pressure. Prices may continue to move lower within this week.

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