Tag: BSP Commercial Rail auction

India: SAIL’s IU-rail auction receives poor response on higher base price

Mar 19, 2021

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by

Shankar

in Structure

Govt. owned – Steel Authority of India Ltd (SAIL) conducted an auction yesterday for 9,300 t (52 & 60 kg-full length) commercial rails from its Bhilai Steel Plant, Chhattisgarh. Due to higher base price (for 60 kg rails), only 300 t was sold at INR 34,250/t exw. Only those who needed immediate stock booked the…