Hot rolled coil (
HRC) demand in
Oman, which has weakened ahead of Ramadan, is currently at low levels, while prices are unchanged. Meanwhile, domestic
HRC demand is expected to recover after Ramadan, while market players state that, unless significant demand improvement is observed in the market, any price increases would have a negative impact on the demand side.
SteelOrbis has learned from market sources that
CIS and Indian origin July rolling
HRC import offers to
Oman are still standing at $615-625/mt + VAT CFR, for advance payment.