Steel prices continue to move in tight range

Quiet conditions persisted at the local steel market in the national capital Saturday as prices continued to move in a tight range in the absence of buying support and settled at last levels.

Traders said the absence of worthwhile activity from construction units against sufficient stocks position mainly kept steel prices unchanged.

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

Saria Kamdhenu: 8-mm Rs 49,800, 10-mm Rs 48,900, 12-mm Rs 47,100, 16-25 mm Rs 47,100.

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

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