SteelOrbis has learned from market sources that import hot rolled coil (HRC) offers for February output to Oman have remained unchanged since last week. Accordingly, offers from Russia, India and China are still 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. Market sources report that demand is still weak, while buyers are expecting a softening in prices due to the lack of supply-demand equilibrium.
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.