[SMM Steel] Indonesian Billet Prices Rise Again

Published: Aug 21, 2026 15:14 (GMT+8)

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[Indonesia] Currently, prices remain at 465 USD/metric ton FOB, but they could potentially rise to 467 USD/metric ton. This could happen because prices in China have also risen by about 3 USD/metric ton, meaning there is no longer any pressure to lower prices in Indonesia. However, from another perspective, the price increase in Indonesia has made Chinese prices competitive again in the market, although this is not expected to put downward pressure on Indonesian prices in the short term because domestic demand remains strong. Currently, the market is waiting to see whether prices will actually rise again or remain stable, and once the situation becomes clear, export demand will begin to pick up.

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