[SMM Steel] Indonesian Billet Edges Down as Chinese Offers Weigh
[SEA] Indonesian billet offers edged lower by around 2 USD/tonne to about 478 USD/tonne FOB Indonesia, as cheaper China-origin billet at around 462 USD/tonne FOB continued to pressure regional export competitiveness. Indonesian wire rod offers were largely stable at around 497–498 USD/tonne FOB, though buying interest remained limited. ASEAN buyers stayed cautious amid sluggish downstream demand, with most continuing to benchmark against lower-priced Chinese material before committing to fresh bookings.