Steel prices remain flat in tight movements

The local steel market ended on a flat note today as prices continued to move in a tight range in the absence of worthwhile activity and settled around previous levels.

Traders said lack of worthwhile activity from construction units against adequate stocks position mainly kept steel prices at last levels.

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

Saria Kamdhenu: 8-mm 49,900, 10-mm 49,400, 12-mm 47,000, 16-25 mm 47,700.

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

MS Angle: (50x5) (50x6) 42,000, (40x5) (40x6) 42,800.

Angle Capital (ISI) (40X5) (40x6) 44,100, (35X5)(65X6) 44,600. Girder (125X65) 41,000.