Steel prices remain quiet in thin trade

NEW DELHI: Quiet conditions persisted on the local steel market today as saria and other steels traded in a tight range in the absence of worthwyile activity and settled around previous levels.

Traders said absence of buying support from construction units against adequate stocks position mainly kept steel prices unaltered.

The following are today's quotations per tonne: CTD saria (Kamdhenu): 8-mm 48,700, 10-mm 47,200, 12-mm 46,200, 16-25 mm 46,800.

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 39,300.