Steel Authority of India Ltd (SAIL) has scheduled an auction for 3,300 t (60 kg, full length) commercial rails from the Bhilai Steel Plant in Chhattisgarh on 30 Jul’21. At the previous auction on 20 Jul, 60 kg rails were booked at INR 42,500/t exw, INR 1,400/t higher than the previous auction. The reason behind the hike was lower inventory of 60 kg rails at BSP.
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