Steel prices remain flat in thin trade

The local steel market ended on a flat note today as prices moved in a tight range.

Written by Agencies | New Delhi | Published:September 14, 2012 3:45 pm

The local steel market ended on a flat note today as prices moved in a tight range and settled around previous levels.

Traders said limited deals against adequate stocks position mainly kept steel prices unaltered.

They said a rise in freight charges by 15 per cent by truckers following the hike in diesel prices by the government yesterday,also affected the volume of business which remained restricted.

The following are today’s quotations per tonne:

CTD saria (Kamdhenu): 8-mm 48,000,10-mm 46,200,12 -mm 45,100,16-25 mm 46,000.

Saria Jai Bharat (TMT): 8-mm 45,400,10 mm 45,100,12-mm 44,400,16-25 mm 44,700.

Amba shakti (TMT): 8-mm 47,300,10-mm 46,000,12-mm 45,000,16-25 mm 45,500.

MS Angle: (50×5) (50×6) 44,700,(40×5) (40×6) 33,500.

Angle Capital (ISI) (40X5) (40×6) 43,800,(35X5) (65X6) 33,900. Girder 125X65 RS 39,300.

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