[SMM Stainless Steel Flash] Indonesian Major Mill Raises 304 Export Prices by $15/t as Post-Holiday Market Resumes

Published: Feb 24, 2026 16:33

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According to SMM, following the official resumption of operations after the Lunar New Year holiday (the 8th day of the lunar calendar), a major mainstream stainless steel mill has raised its export quotes for Indonesian material by USD15/t. This price hike is primarily supported by firming raw material costs and the release of concentrated restocking demand from overseas buyers as the market fully returns to normal activity.

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