[SMM Steel] Price Drop of Billet at the End of This Week

Published: Sep 18, 2026 16:16

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[Indonesia] Today, the price of billet has dropped again by $2/ton to $478/ton FOB. This indicates that the buyers' position seems stronger in the market as mills begin to lower their prices. It was previously mentioned that demand still exists, but the emerging idea is that buyers will think a decrease of $5-10/ton would be a good price for them to purchase the product. However, now shipments have been moved to January 2027 at the earliest. Thus, maintenance issues now seem to be affecting production and delaying product shipments. If it is true that demand exists little by little but buyers are still thinking about lowering prices, prices will follow the buyers' wishes.

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