Saria strengthens as constructions activity picks up

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SummarySaria strengthened by Rs 100 per tonne on the local steel market.

Saria strengthened by Rs 100 per tonne on the local steel market today largely on increased offtake by stockists following pick-up in constructions activity.

On the other hand, activity in other steels including angel, remained restricted and closed on a steady note.

Traders said increased offtake by stockists following pick up in constructions activity, pushed up saria prices.

In the saria segment, kamdhenu 8-mm, 10-mm, 12-mm, 16-25mm traded Rs 100 each higher at Rs 48,700, 47,000, Rs 45,200 and Rs 46,400 per tonne, respectively.

The following are today's quotations per tonne:

CTD saria (Kamdhenu): 8-mm 48,700, 10-mm 47,000, 12-mm 45,200, 16-25 mm 46,400.

Saria Jai Bharat (TMT): 8-mm 45,100, 10 mm 44,800, 12-mm 44,100, 16-25 mm 44,400.

Amba shakti (TMT): 8-mm 45,400, 10-mm 43,100, 12-mm 42,100, 16-25 mm 42,600.

MS Angle: (50x5) (50x6) 42,000, (40x5) (40x6) 42,800. Angle Capital (ISI) (40X5) (40x6) 43,800, (35X5) (65X6) 33,900. Girder 125X65 RS 39,300.

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