According to market sources, demand for hot rolled coil (
HRC) is weak in the Omani market, while market players expect that import
HRC offers to the country will decrease in the coming period due to the declining price trend in the global markets. Currently, Chinese hot rolled coil
HRC offers to
Oman are unchanged week on week at $390-400/mt CFR for August
production, while ex-Russia
HRC offers to the country are still at $395-405/mt CFR for July
production.