Steel prices remain steady in thin trade

NEW DELHI, Dec 7: Steady conditions persisted on the local steel market today as saria and other steels continued to trade at previous levels in the absence of worthwhile demand from constructions units and settled around previous levels.
Traders said absence of demand from stockists following slowdown in constructions activity amid tight fund position, mainly kept steel prices steady.
The following are today’s quotations per tonne:
Saria Kamdhenu: 8-mm 49,600, 10-mm 48,200, 12-mm 47,200, 16-25 mm 47,800.
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: (50×5) (50×6) 42,000, (40×5) (40×6) 42,800.
Angle Capital (ISI) (40X5) (40×6) 43,800, (35X5) (65X6) 36,900. Girder 125X65 41,000. (PTI)