SteelOrbis has learned from market sources that hot rolled coil (HRC) offers to Oman from Russia, China, India and South Korea are currently standing at $560-570/mt CFR. Offers from Russia, China and South Korea have shown a decrease of $20-40/mt since last week. All offers are for October production.
Market players state that flat steel prices in the Omani domestic market are also on a downward trend.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.