# Oman Iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness price positioning (HS 720711)

Canonical: https://www.yugalinks.com/trade/price-exporter/omn/720711
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Oman has a median reported export price of $581.5/t across 30 markets. Across the reported period, the highest observed price is $2.4K/t in Bahrain; the lowest is $240.5/t in Thailand.

## Summary

- Price spread: 378.1%
- Total trade value: $3.5B
- Average quantity: 90,651 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Thailand | 2023 | $545.3/t | +0% | -14.5% | +35.6% | $999.0M | 5 | Mid |
| Indonesia | 2023 | $548.8/t | -9.9% | -6.5% | +17.4% | $513.2M | 5 | Mid |
| Turkey | 2023 | $550.8/t | -3.6% | -9.6% | -9.6% | $289.4M | 2 | Mid |
| United Arab Emirates | 2023 | $581.5/t | -61.1% | -14.7% | +29.9% | $410.9M | 5 | Below |
| China | 2023 | $411.2/t | -54% | -32.3% | +58.2% | $687.1M | 4 | Below |
| Morocco | 2023 | $719.0/t | +31.7% | -7.1% | -7.1% | $76.6M | 2 | Above |
| Egypt | 2022 | $877.7/t | +51.1% | +143.5% | +143.5% | $52.4M | 2 | Above |
| Dominican Republic | 2023 | $820.0/t | +28% | Not reported | +0% | $25.4M | 1 | Above |
| Cameroon | 2022 | $1.0K/t | +0% | Not reported | +0% | $23.0M | 1 | Mid |
| Singapore | 2022 | $889.6/t | -41.3% | Not reported | +0% | $18.3M | 1 | Below |
| Kenya | 2023 | $682.3/t | +0% | -7.7% | -7.7% | $42.6M | 2 | Mid |
| Bulgaria | 2023 | $554.6/t | -72% | Not reported | +0% | $16.6M | 1 | Below |
| Australia | 2023 | $594.9/t | -87.8% | -20.9% | -20.9% | $28.1M | 2 | Below |
| Djibouti | 2023 | $820.0/t | +40.7% | -7.8% | +85.5% | $35.9M | 5 | Above |
| Canada | 2023 | $676.7/t | -48.4% | -22% | -22% | $25.9M | 2 | Below |
| Bahrain | 2023 | $787.4/t | -4.4% | +34.2% | -67.7% | $141.6K | 3 | Mid |

## Price history

- Thailand: 2017 $402.2/t, 2019 $240.5/t, 2020 $404.8/t, 2022 $637.5/t, 2023 $545.3/t
- Indonesia: 2017 $467.6/t, 2019 $308.9/t, 2020 $312.5/t, 2022 $587.0/t, 2023 $548.8/t
- Turkey: 2022 $609.5/t, 2023 $550.8/t
- United Arab Emirates: 2017 $447.8/t, 2019 $431.4/t, 2020 $533.1/t, 2022 $681.5/t, 2023 $581.5/t
- China: 2019 $259.8/t, 2020 $495.8/t, 2022 $607.3/t, 2023 $411.2/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $454.0/t | Not reported | $194.8M | 8 |
| 2019 | $299.4/t | -34.1% | $255.8M | 11 |
| 2020 | $448.7/t | +49.9% | $613.8M | 10 |
| 2022 | $640.4/t | +42.7% | $1.5B | 20 |
| 2023 | $556.7/t | -13.1% | $940.4M | 24 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 30 importer markets; 73 reported market-year observations.

## FAQ

### What does Oman price positioning show for HS 720711?

It compares Oman's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "OMN",
  "hs_code": "720711",
  "summary": {
    "num_markets": 30,
    "highest_price_importer_iso3": "BHR",
    "highest_price_usd_per_ton": 2439.080459770115,
    "lowest_price_importer_iso3": "THA",
    "lowest_price_usd_per_ton": 240.52649029024116,
    "median_price_across_markets": 581.5321767640492,
    "price_spread_pct": 378.06230804179813,
    "avg_quantity_metric_tons": 90650.95720547944,
    "total_trade_value_usd": 3463098178
  },
  "marketRows": [
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      "price_vs_median_pct": 0,
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