Traders said emergence of buying by stockists following pick up in construction activity amid the government's decision to impose a MIP on 173 steel products influenced the sentiment.
On Friday, in a relief to domestic steel producers against cheap in-bound shipments, the government imposed a minimum import price (MIP) on 173 steel products ranging between USD 341 and USD 752 per tonne.
In the national capital, Kamdhenu 8-mm,10-mm and 12-mm were up by Rs 200 each to Rs 37,400, Rs 35,600 and Rs 35,000 per tonne respectively. Similarly, saria 16-25-mm traded higher by a similar margin to Rs 35,000 per tonne.
Saria Kamdhenu: 8-mm Rs 37,400, 10-mm Rs 35,600, 12-mm Rs 35,000, 16-25 mm Rs 35,000.
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.