SteelOrbis has been informed by market sources that prices in the Omani import hot rolled coil (
HRC) market, where it was expected that prices would move up after the end of Ramadan, have increased in the past week, with
HRC offers from
Russia to
Oman rising by $10-15/mt week on week.
Accordingly, September production
HRC offers from
Russia and
India are now standing at $565/mt CFR, while Chinese and South Korean
HRC offers are at $580/mt CFR
Oman.