SteelOrbis has learned from market sources that foreign suppliers of hot rolled coil (HRC) to Oman, where demand for HRC is at medium levels, have this week managed to raise their prices for the country, with import offers for February production from Russia, India, South Korea and China edging up by $5/mt. Accordingly, offers from Russia, India and China are now standing at $575-585/mt CFR, while South Korean HRC offers to Oman are at $595/mt CFR. These offers are for advance payments and exclude VAT.
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