According to market sources, while Chinese exporters have been seeking to dominate the Omani hot rolled coil (
HRC) market, Indian
HRC producers have accelerated their sales activities to this destination. Ex-
China HRC offers to
Oman, which were in the range of $520-525/mt CFR two weeks ago, are higher than Indian
HRC offers and so Indian exporters have been able to enter the Omani
HRC market with ease. Ex-
India HRC offers to
Oman are currently in the range of $505-515/mt CFR.