Tight movements in steel prices in thin trade

NEW DELHI, Aug 30: There was not much activity at the local steel market today as saria and other steel prices moved in a narrow range on lack of worthwhile activity and settled around previous levels.

Traders said absence of worthwhile activity from construction units against adequate stocks position mainly kept steel prices prices unchanged.

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

Saria Kamdhenu: 8-mm 50,000, 10-mm 49,500, 12-mm 47,100, 16-25 mm 47,800.

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

MS Angle: (50×5) (50×6) 42,000, (40×5) (40×6) 42,800.

Angle Capital (ISI) (40X5) (40×6) 44,100, (35X5)(65X6) 44,600. Girder 125X65 41,000. (PTI)