Omani buyers conclude HCR deals only in line with needs

Import hot rolled coil (HRC) offers to Oman have remained unchanged as compared to the previous weeks, while local market sources indicate that demand has not recorded any improvement. Meanwhile, Omani buyers, who have only been concluding small tonnage transactions in line with their needs, believe that the current market conditions will last until the end of this year. 
 
SteelOrbis has learned from market sources that Russian and Ukrainian origin HRC import offers to Oman are still standing at $545-565/mt CFR. The prices are excluding VAT, for advance payment and for deliveries in December.