Tag: India: Bids decrease by over INR 3600/t at SAIL-BSP’s rail auction

Steel Authority of India Limited (SAIL), conducted an auction for 3,300 t (60 kg and 52 kg, full length) of commercial rails on 24 Jul’24 from Bhilai Steel Plant (BSP) in Chhattisgarh. Buyers booked around 3,000 t of 60 kg rail at an average price of INR 40,800/t (INR 40,600-42,200/t) exw, bids fell by INR…