Saria weakens on reduced offtake

Saria turned weak with its prices falling by Rs 200 per tonne in the local steel market today due to reduced offtake by stockists on subdued demand from constructions units. 

Traders said subdued demand following slowdown in constructions activity due to rainy season mainly led to a fall in saria prices.

In the saria section, Kamdhenu 8-mm, 10-mm and 12-mm were down by Rs 200 each to Rs 44,500, Rs 43,800 and Rs 43,100 a tonne, respectively. Saria-16-25-mm followed suit and traded lower by the same margin to Rs 43,600 per tonne.

Following are today's quotations per tonne: 

CTD saria (Kamdhenu) 8-mm 44,500, 10-mm 43,800, 12-mm 43,100, 16-25 mm 43,600
Saria Jai Bharat (TMT) 8-mm 44,800, 10 mm 44,000, 12-mm 43,200,, 16-25 mm 43,600

Amba shakti: (TMT) 8-mm 41,200, 10 mm 40,300, 12 mm 39,700, 16 to 25 mm 40,100
M S Angle: (50x5) (50x6) 33,000, (40x5) (40x6) 33,500

Angle capital (ISI) (40X5) (40x6) 36,900, (35X5) (65X6) 33,900
Garder 125X65 RS 39,300