According to market sources, Chinese hot rolled coil (HRC) offers to Oman have increased by $15/mt week on week to $415/mt CFR, for May deliveries. Chinese exporters are trying to increase their offers for HRC in the Omani market and are waiting to see buyers' firm bids. Meanwhile, as demand for HRC in the Omani market is sluggish this week, market players think that the military intervention by Saudi Arabia in Yemen will negatively affect demand in the coming period.
Meanwhile, ex-China cold rolled coil (CRC) offers to Oman are at $475-480/mt CFR, for May deliveries.