[SMM Steel] Indonesian Billet Prices Are Gradually Rising.

Published: Aug 13, 2026 16:37

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[Indonesia] After wire rod showed resilience, it is now billets’ turn to demonstrate resilience in the market, with prices rising by 2 USD/metric ton to 458 USD/metric ton FOB for November shipments. This indicates that Indonesian billet prices are competitive in the market, especially since billet prices in China have also risen—with prices offered by one Chinese mill even exceeding those of Indonesian products. This may mark the beginning of a price increase for Indonesian billet, and prices are expected to continue rising gradually unless Chinese product prices fall again.

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