According to market sources, demand for import hot rolled coil (
HRC) in the Omani market has remained slack during the past week. Omani buyers have slowed down their purchasing activity for imports of
HRC - the raw material for steel pipe production - following the antidumping (AD) duty investigation initiated by the US last week against imports of steel pipe from five countries, including
Oman. Meanwhile, Saudi Arabian and Iranian hot rolled coil (
HRC) offers to the Omani market are currently at $300-330/mt CFR.