October 16, 2008

Saria steel down on ample supply

BL reported that the wholesale prices of saria fell by INR 100 per tonne in New Delhi on stockists selling. In the saria section, kamdhenu saria 10mm and 16mm to 25mm were down by INR 100 each at INR 39,400 and INR 39,500 per tonne respectively.

Traders said that leading steel makers' decision to reduce prices of flat products by INR 4000 per tonne and those of rebars and structural steel by INR 2,000 per tonne mainly influenced the sentiments.