Steel prices remain steady in absence of buying support

Quiet conditions persisted at the local steel market today as prices moved in a narrow range in the absence of buying support and settled around previous levels.

Traders said absence of buying support from construction and engineering units against adequate stocks position mainly kept steel prices quiet.

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

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