[SMM Steel] Indonesian Wire Rod Prices Remain Stable

Published: Aug 19, 2026 14:52

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[Indonesia] Wire rod prices in Indonesia remain stable at around 485 USD/metric ton FOB after surging by about 5 USD/metric ton last week. Previously, this price increase occurred as pressure from Chinese products eased, which was in line with predictions. However, it appears that fundamental factors are playing a role in maintaining this price stability, in line with the current increase in demand. If these fundamental factors continue to develop favorably, wire rod prices will follow the same trend as billet prices—rising gradually.

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