HRC demand remains at good levels in Oman ahead of Ramadan

Tuesday, 12 June 2012 15:18:38 (GMT+3)   |  
SteelOrbis has heard from market sources that July production hot rolled coil (HRC) offers in the Omani domestic market are at $625-630/mt CFR Oman, excluding VAT and for advance payment. HRC demand remains at good levels for the time being, while it is anticipated to follow a sluggish trend during Ramadan which starts in mid-July. Most local buyers have already purchased the products that they will use during August. Decreases in import prices are welcomed by buyers in the Omani market, where overcapacity is an ongoing issue. 
 

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Thickness 2.5 mm
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