[SMM Stainless Steel Flash] Indonesia Stainless Steel Prices Rise Across the Board by USD40/ton

Published: Jun 3, 2026 11:40

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According to SMM research, stainless steel prices in Indonesia were raised across the board by USD40/ton this morning. The increase was driven by two key factors: the official start of Indonesia's metal export control transition period on June 1, which has significantly heightened supply contraction concerns, and LME nickel prices surpassing USD19,000/ton, further reinforcing cost-side support for stainless steel prices.

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