SteelOrbis has been informed that the price for SWRM 1012 grade wire rod in the Indonesian domestic market is IDR 6,850,000/mt ($758/mt) including all taxes and for delivery to customer. Meanwhile, ex-Malaysia offers to the Indonesian market for the same grade wire rod are standing at the range of $730-740/mt CFR Indonesia for May shipment.
US$1 = IDR 9,037