Market sources state that demand in the Omani flat steel market has failed to improve during the past week and is still weak. Meanwhile, Chinese hot rolled coil (HRC) offers to
Oman have moved sideways over the past week in the range of $400-410/mt CFR, for May production. On the other hand, Russian
HRC offers for May production are also at $400-410/mt CFR, while Iranian and Saudi Arabian
HRC offers for June production are currently at $415-420/mt CFR.