Saria prices rose by Rs 1,000 per tonne on the local steel market today due to increased offtake by stockists following uptick in demand from construction units.
Traders said increased offtake by stockists, driven by pick up in demand from construction units, mainly pushed up saria prices.
In the national capital, Kamdhenu 8-mm,10-mm and 12-mm were up by Rs 1000 each to Rs 48,100, Rs 47,500 and Rs 47,200 per tonne respectively. Saria 16-25-mm followed suit and enquired higher by a similar margin to Rs 47,200 per tonne.
Following are today's quotations (in Rs per tonne):
Saria Kamdhenu: 8-mm Rs 48,100, 10-mm Rs 47,500,
Angle Capital (IS) (40X5) (40x6) Rs 44,100, (35X5)(65X6)
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