Saria weakens on reduced offtake by stockists

NEW DELHI: Saria prices fell by Rs 500 per tonne at the local steel market today on reduced offtake by stockists following slowdown in construction activity.

Traders said reduced offtake by stockists due to slowdown in constructions activity mainly led to decline in saria prices.

In the saria section, Kamdhenu 8-mm,10-mm and 12-mm were down by Rs 500 each to Rs 49,100, Rs 47,700 and Rs 47,700, while saria 16-25-mm traded lower by the same margin to Rs 47,300 per tonne, respectively.

The following are today's quotations per tonne: Saria Kamdhenu: 8-mm 49,100, 10-mm 47,700, 12-mm 46,700, 16-25 mm 47,300

Saria Jai Bharat (TMT): 8-mm 45,800, 10 mm 45,500, 12-mm 44,700, 16-25 mm 44,900.

Amba shakti (TMT): 8-mm 45,500, 10-mm 43,200, 12-mm 42,200, 16-25 mm 42,700.

MS Angle: (50x5) (50x6) 42,000, (40x5) (40x6) 42,800. Angle Capital (ISI) (40X5) (40x6) 43,800, (35X5) (65X6) 36,900, Girder 125X65 41,000.