Steel prices trade tight in thin trade

There was not much activity at the local steel market today as prices continued to move in a tight range in the absence of worthwhile activity and settled around previous levels.

Traders said absence of buying support from construction units amid tight funds position mainly kept steel prices mostly steady.

The following are today's quotations per tonne:

Saria Kamdhenu: 8-mm 48,600, 10-mm 47,200, 12-mm 45,700, 16-25 mm 46,400.

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) 42,800.
 

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