[SMM Stainless Steel Flash] Top Indonesian Mill Halts Offers Ahead of Expected Monday Price Hike

Published: Apr 27, 2026 11:19

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Driven by the recent rally in LME nickel and stainless steel futures, a leading Indonesian stainless steel mill suspended all offers over the weekend. According to SMM research, the move aims to mitigate rising raw material costs and prepare for a new round of price adjustments. With bullish sentiment prevailing, the market widely expects the mill to raise quotations upon Monday's opening. Other major mills are anticipated to follow suit, potentially driving a further upward shift in stainless steel spot price benchmarks.

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