[SMM Stainless Steel Market Flash] Indonesia’s 316L Grade Extra Fee Rises to $2,100/t on Higher Moly Costs

Published: May 12, 2026 16:19

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According to SMM, the latest 316L grade extra fee in Indonesia has risen to $2,100/t, up $200/t from the previous level of $1,900/t. The increase was mainly driven by higher molybdenum costs. As 316L is more sensitive to molybdenum input costs, the rise in moly prices has pushed the grade extra higher and continues to support pricing for high-alloy stainless steel in Indonesia.

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