State-owned Steel Authority of India Ltd (SAIL) conducted an auction on 20 Jul’21 for 3,700 t (60 kg) and 3,500 t (52 kg) commercial rails from its Bhilai Steel Plant (BSP) in Chhattisgarh. The 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. The 52 kg rails were booked at INR 47,000/t exw.
Leave a Reply