SteelOrbis has learned from market sources that import hot rolled coil (HRC) offers for December production to Oman from Russia, India, South Korea and China have remained stable since last week. Accordingly, HRC offers from Russia, India and China are still standing at $570-575/mt CFR, while South Korean HRC offers to the country are trending at $590/mt CFR. These offers are for advance payments and exclude VAT. Meanwhile, market sources state that demand for HRC in Oman is slack, while buyers have avoided building up their stocks, preferring to postpone their purchases until the New Year.
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.