Tag: BSP Commercial Rail auction

India: Bids fall by INR 950/t ($13) at SAIL-BSP’s 60kg IU-rails auction

May 21, 2021

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by

Shankar

in Melting Scrap

Government-owned Steel Authority of India Ltd (SAIL) had conducted an auction on 20 May’21 for 13,000 t (52 & 60 kg, full length) commercial rails from its Bhilai Steel Plant in Chhattisgarh. Buyers booked 4,000 t (60 kg) at a weighted average price of INR 39,250/t and 200 t (52 kg) at INR 41,500/t, exw.…