Steel prices remain flat in thin trade

NEW DELHI, Aug 4:

The local steel market displayed a steady trend today as prices continued to trade in a tight range on lack of worthwhile buying and settled around previous levels.

Traders said lack of worthwhile buying activity as demand from constructions units declined due to adverse weather conditions mainly kept steel prices steady.

The following are today’s quotations per tonne:

CTD saria (Kamdhenu): 8-mm 50,100, 10-mm 48,300, 12-mm 47,200, 16-25 mm 47,800.

Saria Jai Bharat (TMT): 8-mm 45,400, 10 mm 45,100, 12-mm 44,400, 16-25 mm 44,700.

Amba shakti (TMT): 8-mm 47,300, 10-mm 46,000, 12-mm 45,000, 16-25 mm 45,500.

MS Angle: (50×5) (50×6) 44,700, (40×5) (40×6) 33,500.

Angle Capital (ISI) (40X5) (40×6) 43,800, (35X5) (65X6) 33,900. Girder 125X65 RS 39,300. (PTI)