[SMM Stainless Steel Flash] Indonesian Stainless Steel Offers Reduced

Published: Jul 9, 2026 16:27

Save

According to SMM, Indonesian stainless steel export offers have seen a sudden downward adjustment, with prices falling by more than $50/mt from previous levels. This round of price cuts reflects still-weak overseas demand, stronger price pressure from buyers in some regions, and Indonesian exporters’ willingness to offer concessions after holding firm earlier, in an effort to stimulate transactions.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Nickel Flash News] Indonesia Government Officially Releases New Export Controls on FeNi and NPI

Indonesia has strengthened oversight of its value-added nickel industry under Ministry of Finance Decree No. 32/MK/BC/2026, implementing Minister of Trade Regulation No. 17/2026. The regulation imposes stricter export controls on HS Code Ex. 7202.60.00, covering ferronickel (FeNi) ingots and lumps (≥8% Ni), Sponge FeNi and Nugget FeNi (≥4% Ni), and low-grade FeNi products (2% ≤ Ni < 4%, Fe ≥75%), including certain Nickel Pig Iron (NPI) products. Exporters must obtain mandatory Surveyor Reports (LS) and export authorizations, while from 1 January 2027, exports will generally be limited to state-owned export enterprises (BUMN Ekspor), subject to approved exemptions.

2 hours ago

3 hours ago

Data: SHFE, DCE market movement (Jul 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Jul , 2026

3 hours ago

7 hours ago

[SMM Nickel Midday Comment] On July 9, nickel prices plunged during the session, and US Fed officials did not form a single judgment on the subsequent policy path.

7 hours ago