Steel prices remain steady on narrow movements

There was not much activity at the local steel market today as most steels, after trading in a tight range due to lack of worthwhile activity, settled around previous levels.

Traders said absence of demand from construction units amid paucity of funds mainly kept steel prices unchanged.

Following were today's quotations per tonne:

Saria Kamdhenu: 8-mm 49,200, 10-mm 47,800, 12-mm 46,300,16-25 mm 47,000.

Saria Jai Bharat (TMT): 8-mm 44,500, 10 mm 43,000, 12-mm 41,500, 16-25 mm 44,900.

Amba shakti (TMT): 8-mm 45,500, 10-mm 43,200, 12-mm 42,200, 16-25 mm 42,300.

MS Angle: (50x5) (50x6) 42,000, (40x5) (40x6) q42,800.

Angle Capital (ISI) (40X5) (40x6) 43,800, (35X5) (65X6) 36,900. Girder 125X65 41,000.