Import HRC offers to Oman

According to market sources, demand for hot rolled coil (HRC) is weak in the Omani market, while market players expect that import HRC offers to the country will decrease in the coming period due to the declining price trend in the global markets. Currently, Chinese hot rolled coil HRC offers to Oman are unchanged week on week at $390-400/mt CFR for August production, while ex-Russia HRC offers to the country are still at $395-405/mt CFR for July production.