Narrow movement in steel prices
Steady conditions persisted on the local steel market today as prices continued to move in a tight range in the absence of buying support and settled around previous levels.
Traders said fall in demand due to slowdown in construction activity due to adverse weather conditions mainly kept steel prices unchanged.
The following are today's quotations per tonne: CTD saria (Kamdhenu): 8-mm 49,100, 10-mm 47,600, 12-mm 45,600, 16-25 mm 46,800.
Saria Jai Bharat (TMT): 8-mm 45,100, 10 mm 44,800, 12-mm44,100, 16-25 mm 44,400.
Amba shakti (TMT): 8-mm 45,400, 10-mm 43,100, 12-mm 42,100, 16-25 mm 42,600.
MS Angle: (50x5) (50x6) 42,000, (40x5) (40x6) 42,800. Angle Capital (ISI) (40X5) (40x6) 43,800, (35X5) (65X6) 33,900. Girder 125X65 RS 39,300.