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.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus