Indonesia: Tsingshan raises 304 stainless prices further, taking total hike in Mar'26 to $65/t

Indonesias Tsingshan Holding Group raised 304-grade stainless steel export prices by $15/t, taking the total increase in Mar'26 to $65/t. The hike reflects higher raw material costs, although demand across key markets remains subdued. Market participants highlighted a disconnect between rising offers and weak trading activity, with further price direction dependent on raw material trends and demand recovery.