MUMBAI (Commodity Online): The wholesale Steel and iron market declined today as prices moved in a tight range on lack of worthwhile buying activity due to rainy season and settled around previous levels. In futures also steel priced fell on the back of selling pressure.
At NCDEX Steel Long July contract is currently trading at Rs.29660 per 10 MT, down by 0.31 per cent against the previous close. In the earlier sessions the contract traded at a range of Rs.29610-29750 per 10 MT. Open interest of the contract is 39110 lots so far.