[SMM Steel] Indonesian HRC Climbs $5/mt to $525 FOB as Mills Feel Stronger Demand

Published: Oct 08, 2026 17:25 (GMT+8)

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[Indonesia] With the workweek resumed, HRC prices have been updated and now stand at USD 525/metric ton FOB. The move reflects rising demand from buyers, which is also being felt at local mills. Demand has fluctuated over the past few days and influenced prices, and this was evident again today. There have been reports of raw material issues, but these have not affected the market. Mill-side market participants hope conditions will keep improving beyond spot price changes, though there is still no prediction of how strong the underlying fundamental trend will be.

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