SteelOrbis has learned from market sources that December production hot rolled coil (HRC) offers to Oman from Russia, China and India have remained unchanged since last week at $565-570/mt CFR. Meanwhile, HRC offers from South Korea are at $590/mt CFR.
Market sources state that since demand is weak there could be slight price decreases in the coming days.
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.