[SMM Steel] Indonesian Wire Rod Prices Finally Rise

Published: Aug 12, 2026 16:54

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[Indonesia] Currently, wire rod prices in Indonesia have risen by about 5 USD/metric ton to 480 USD/metric ton after remaining stagnant for about a week. The price stagnation was due to a lack of information regarding additional pressure from Chinese product prices, which would have influenced the decision on whether Indonesian wire rod prices would fall or not. Ultimately, Indonesian wire rod has shown resilience and a sign that pressure has eased, and unless new pressures emerge that could cause Indonesian wire rod prices to fall, they will gradually rise again.

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