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Tight movements in steel prices

Steady conditions prevailed on the local steel market today as prices moved in a narrow range in limited deals.

Steady conditions prevailed on the local steel market today as prices moved in a narrow range in limited deals and settled around previous levels.

Traders said scattered deals against adequate stocks position mainly kept steel prices steady.

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

CTD saria (Kamdhenu): 8-mm 46,700,10-mm 46,900,12-mm 45,400,16-25 mm 46,000.

Saria Jai Bharat (TMT): 8-mm 45,300,10 mm 44,500,12-mm 43,800,16-25 mm 44,100.

Amba shakti (TMT): 8-mm 41,700,10-mm 40,800,12-mm 40,200,16-25 mm 40,600.

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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