Tag: 700/t at SAIL-BSP rail auction

India: Bids decrease by INR 4,700/t at SAIL-BSP rail auction

Sep 8, 2022

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by

Tarun Naidu

in Melting Scrap

SAIL had scheduled an auction for 15,000 t (60 kg) of full length commercial rails from Chhattisgarh’s Bhilai Steel Plant on 7 Sept’22. The set base price for the auction was INR 46,700/t exw at which buyers booked only 4,250 t. At the previous auction on 23 Aug for 11,000 t, buyers booked only 750…