Tag: BSP rail auction result

India: SAIL rails auction receives dull response due to high base price

Sep 9, 2021

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by

Kamal Gohil

in Melting Scrap, Structure

PSU steelmaker Steel Authority of India Ltd (SAIL) conducted an auction on 8 Sept’21 for 17,800 t (60 kg and 52kg, full length) commercial rails from the Bhilai Steel Plant (BSP) in Chhattisgarh. Out of the total quantity offered, buyers booked only a single lot (200 t) of 60 kg rails at the base price…