Although prices were expected to register downward movement in the Omani flat steel market, the upward movement of import hot rolled coil (HRC) prices last week has caused uncertainty in the market and has diminished demand.
Meanwhile, this week Russian May production HRC offers to the country have remained stable since last week at $615-625/mt CFR for advance payment and exclusive of VAT, though Omani market players believe that these prices will likely fall by $10/mt at least in the short term.
