Market sources state that demand in the Omani flat steel market has failed to improve during the past week and is still weak. Meanwhile, Chinese hot rolled coil (
HRC) offers to
Oman have moved sideways over the past week in the range of $400-410/mt CFR, for May production. On the other hand, Russian
HRC offers for May production are also at $400-410/mt CFR, while Iranian and Saudi Arabian
HRC offers for June production are currently at $415-420/mt CFR.