Steel prices remain stable in lacklustre trade

NEW DELHI: Quiet conditions prevailed at the local steel market today as prices continued to trade in a narrow range in the absence of buying support and settled around previous levels.

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

Following are today's quotations (in Rs per tonne): Saria Kamdhenu: 8-mm 49,600, 10-mm 49,100, 12-mm 46,700, 16-25 mm 47,400.

Amba shakti (TMT): 8-mm 45,700, 10-mm 43,400, 12-mm 42,400, 16-25 mm 42,500.

MS Angle: (50x5) (50x6) 42,000, (40x5) (40x6) 42,800. Angle Capital (ISI) (40X5) (40x6) 44,100, (35X5)(65X6) 44,600. Girder (125X65) 41,000.