[SMM Steel] Indonesian HRC Prices Steady at $520/mt FOB as Mills See No Need to Adjust

Published: Oct 05, 2026 15:56 (GMT+8)

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[Indonesia] Indonesian HRC prices remain at USD 520/metric ton FOB and are likely to hold until October 8, 2026, due to the public holiday in China, one of the biggest drivers of demand for Indonesian steel. Although Vietnamese mills, Indonesia's key competitors, have announced their new prices, Indonesian producers see no need to adjust their offers. With Vietnamese prices rising by approximately USD 8-12/metric ton month-over-month, competitive pressure on Indonesian HRC has eased, leaving local mills little reason to change their pricing for now.

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