Prices remain steady in narrow movements

Quiet trend persisted in the local steel market today as prices continued to move in a tight range on lack of buying support from construction units due to adverse weather conditions, settling around previous levels.

Marketmen said, absence of buying support from construction units due to adverse weather conditions mainly kept steel prices steady.

The following are today's quotations per tonne: CTD saria (Kamdhenu): 8-mm 49,500, 10-mm 48,000, 12-mm 47,000, 16-25 mm 47,600.

Saria Jai Bharat (TMT): 8-mm 45,100, 10 mm 44,800, 12-mm 44,100, 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.

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