[Shyam Metalics Investe para Reforçar o Fornecimento de Carvão para a Produção de Aço]

[Indonesia] Indonesian steel billet prices rose to $473/mt FOB today, up from $470/mt yesterday (October 13, 2026), after falling $2/mt last Friday (October 9, 2026). Today's increase was merely a market price adjustment, and the price level remains low. Slow local demand left steel mills with no choice but to lower billet prices. Chinese prices, one of the main drivers of Indonesian steel prices, also showed no signs of rising, adding further downward pressure. Prices may continue to move lower within this week.

Conrad Petroleum's Conductor Support Frame (CSF), a support structure built from steel pipe material weighing 750 tonnes, is scheduled to arrive at Tanjung Priok Port, Jakarta, on October 22, 2026. SKK Migas Head Djoko Siswanto said he received a progress report on the material procurement from Conrad Petroleum and SKK Migas on Saturday (October 10, 2026). The material covers 27 variations of pipe diameter and grade, totaling 242 joints of 12 meters each. The steel plates come from Krakatau Steel in Cilegon, Banten, and will be fabricated at PT PAL Indonesia in Surabaya, East Java. Under this scheme, the CSF targets a local content (TKDN) level of 65% overall, as part of efforts to strengthen the domestic supply chain for upstream oil and gas projects.

Saudi steel producer Al Yamamah Steel Industries has signed a SAR 118.63 million contract with Algihaz Contracting to supply steel towers for the construction of a 380 kV ultra-high-voltage line in Saudi Arabia's Western Region. The contract was signed and awarded on October 5 and runs for one year, with supply scheduled to start in March 2027. Al Yamamah expects the financial impact to appear in its results from the first quarter of 2027, and the company said no related parties are involved. The company also signed a second contract with Algihaz worth SAR 135.65 million for the same type of supply, bringing the combined value to SAR 254.28 million.