India: SAIL-BSP rails auction witnesses strong participation

State-owned Steel Authority of India Ltd (SAIL) conducted an auction today for 10,000 t (60 kg) of full length commercial rails from its flagship Bhilai Steel Plant (BSP) in Chhattisgarh. Buyers who participated in the auction booked the entire quantity of 60 kg rails at a weighted average price of INR 42,720/t exw, as per reports provided by sources.


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