According to market sources, activity in the Omani long steel market has slowed down as the end of the year approaches, while CIS, Turkish and Chinese exporters are competing with low prices and market players are waiting for long steel prices to bottom out.
Meanwhile,
billet offers from
China and the CIS to
Oman are currently at $450/mt CFR, while ex-
Turkey rebar offers to the country stand at $490/mt CFR.