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.