Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Steel prices end flat in thin trade

Jan 15 2013, 14:54 IST
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SummaryThere was not much activity in the local steel market today as prices continued to move in a narrow range in the absence of buying support and settled around previous levels.

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

Marketmen said lack of worthwhile activity from construction units due to adverse weather conditions mainly kept steel prices unaltered.

The following are today's quotations per tonne:

CTD saria (Kamdhenu): 8-mm 49,700, 10-mm 48,200, 12-mm 47,200, 16-25 mm 47,800.

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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