SteelOrbis has learned from market sources that import hot rolled coil (HRC) offers for December production to Oman from Russia, India, China and South Korea have remained stable over the past week. Accordingly, offers from Russia, India and China are standing at $656-570/mt CFR, while South Korean HRC offers to Oman are at $590/mt CFR. These offers are for advance payments and exclude VAT. Meanwhile, market sources state that, due to the approach of the end of the year, HRC demand in the Omani market is on the weak side.
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