According to market sources, demand for hot rolled coil (HRC) is weak in the Omani market, while prices have remained stable over the past week. Market players state that buyers are unwilling to conclude bookings except to meet their immediate needs due to Ramadan and due to the impact of low oil prices on investment spending. Also, market players still have expectations of downward movement in import HRC prices. Currently, Chinese hot rolled coil HRC offers to Oman are unchanged week on week at $390-400/mt CFR for September production, while ex-Russia HRC offers to the country are still at $395-405/mt CFR for August production.