SteelOrbis has learned from market sources that ex-
CIS steel
billet offers to the Omani market are currently standing at $610/mt CFR. Buyers believe that these offers may regress to $600/mt CFR for firm bids. Nevertheless, given that import
rebar offers to
Oman are at $620-625/mt CFR and that local steel
billet prices are at $585-590/mt ex-works, buyers are unlikely to show interest in prices above $590/mt CFR for steel
billet import offers.