Dear users,
To provide a more accurate reflection of imported semi-finished and long steel prices in Malaysia and support market participants in procurement, pricing, cost calculation and trade decision-making, SMM will launch the following price points on September 10, 2026:
- Indonesia-Origin Billet 3SP 150×150 CFR Malaysia
- Indonesia-Origin Slab SAE1006/SS400 200/230×1,000–1,530 CFR Malaysia
- Indonesia-Origin Wire Rod SAE1008 6.5/8/10 CFR Malaysia
Malaysia is an important destination for steel products exported from Indonesia. Changes in Indonesian export quotations, ocean freight rates, raw-material costs, production schedules and Malaysian demand can directly affect import replacement costs and domestic market sentiment.
The introduction of these price points will improve market transparency and provide comparable benchmarks for Malaysian importers, traders, rerollers and downstream consumers.
Price assessment specifications
- General assessment basis
- Price type: Spot price
- Price term: CFR Malaysia
- Origin: Indonesia
- Reference producer: PT Dexin Steel Indonesia
- Currency and unit: USD/tonne
- Tax treatment: No tax included. Prices exclude Malaysian import duties, SST and other taxes or charges incurred during import clearance.
- Freight coverage: Prices include the product value and ocean freight to the agreed Malaysian destination port. Marine insurance, import clearance, post-discharge handling and inland transportation are excluded.
- Publication frequency: Daily
- Information cut-off time: 3:00 PM Kuala Lumpur time
- Publication time: 4:30 PM Kuala Lumpur time
- Launch date: September 10, 2026
- Product specifications
Billet
- Price point: Indonesia-Origin Billet 3SP 150×150 CFR Malaysia
- Price code: SMM-GS-SB-018
- Grade: 3SP
- Dimensions: 150×150 mm
- Standard: GOST 380
- HS code: 72071100
- Minimum transaction volume: 10,000 tonnes
- Quality requirements: 3SP commercial carbon steel continuous-cast square billet, normally supplied in lengths of 6 m or 12 m. The billet should be free from serious cracks, scabs, inclusions, bending or other defects affecting subsequent rolling. Chemical composition and dimensional tolerances are subject to the mill test certificate.
Slab
- Price point: Indonesia-Origin Slab SAE1006/SS400 200/230×1,000–1,530 CFR Malaysia
- Price code: SMM-GS-SL-005
- Grades: SAE1006 or SS400
- Dimensions: Thickness of 200 or 230 mm and width of 1,000–1,530 mm
- Standards: SAE J403 or JIS G3101
- HS code: 72071210
- Minimum transaction volume: 10,000 tonnes
- Quality requirements: Prime continuous-cast carbon steel slab, free from serious longitudinal or transverse cracks, scabs, inclusions or other defects affecting subsequent rolling. Chemical composition, dimensional tolerances and internal quality are subject to the mill’s technical agreement and mill test certificate.
Wire rod
- Price point: Indonesia-Origin Wire Rod SAE1008 6.5/8/10 CFR Malaysia
- Price code: SMM-GS-WR-004
- Grade: SAE1008
- Diameters: 6.5 mm, 8 mm or 10 mm
- Standard: SAE J403
- HS code: 72139190
- Minimum transaction volume: 5,000 tonnes
- Quality requirements: Hot-rolled low-carbon steel wire rod supplied in coils and meeting SAE1008 chemical-composition requirements. The material should be free from significant cracks, folds, scabs or other defects affecting subsequent drawing or processing and should be supplied with a mill test certificate.
- Payment terms
The assessment basis includes either of the following payment terms:
- T/T with a 30% advance payment and the remaining 70% payable before the cargo is ready; or
- Irrevocable L/C at sight.
- Delivery period
Production lead time is approximately two to three months after order confirmation and receipt of the 30% advance payment or activation of the L/C.
Sea transit from Indonesia to the Malaysian destination port is approximately seven to nine days after loading. The total estimated order-to-arrival period is approximately 67–99 days, excluding port congestion, customs clearance and other uncontrollable delays.
- Assessment methodology
The assessments will be based on actual transactions, executable quotations and other verifiable market information collected from producers, traders, importers, rerollers and downstream consumers.
Information involving different product specifications, destination ports, payment terms, transaction volumes or delivery periods will be normalized to the stated assessment basis in accordance with the SMM price methodology.
SMM will continue to monitor Indonesian export quotations, ocean freight rates, production schedules, Malaysian import demand and related market transactions to ensure that the assessments reflect prevailing market conditions.
Thank you for your continued attention to and support for the SMM steel price assessment system.