Steel ends quiet in thin trade

Quiet conditions prevailed on the local steel market today as prices moved in a narrow range on buying activity.

Written by Agencies | New Delhi | Published: January 23, 2012 9:28 pm

Quiet conditions prevailed on the local steel market today as prices moved in a narrow range on lack of worthwhile buying activity from constructions units due to adverse weather conditions and settled around previous levels.

Traders said said lack of worthwhile activity as demand remained limited due to slowdown in constructions activity due to adverse weather conditions,mainly kept steel prices steady.

The following are today’s quotations (in Rs per tonne):

CTD saria (Kamdhenu): 8-mm 46,600,10-mm 46,800,12-mm 45,300,16-25 mm 45,900.

Saria Jai Bharat (TMT): 8-mm 45,500,10 mm 44,700,12-mm 44,000,16-25 mm 44,300.

Amba shakti (TMT): 8-mm 41,900,10-mm 41,000,12-mm 40,400,16-25 mm 40,800.

MS Angle: (50×5) (50×6) 33,000,(40×5) (40×6) 33,500. Angle Capital (ISI) (40X5) (40×6) 36,900,(35X5) (65X6) 33,900. Girder 125X65 RS 39,300.

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