HRC demand begins to slow down in Oman, import offers soften

Hot rolled coil (HRC) demand in Oman is still at good levels, though a slight slowdown has been observed due to seasonal factors and the approach of Ramadan, with import HRC offers softening by $5/mt since last week. HRC demand in the Omani market is expected to gain strength again after Ramadan.
 
SteelOrbis has learned from market sources that CIS and Indian origin HRC import offers to Oman are currently standing at $620-630/mt CFR for July rolling.