Tag: SAIL BSP RAIL AUCTION RESULT

India: SAIL-BSP’s rail auction receives poor response

Aug 23, 2022

—

by

Kamal Gohil

in Melting Scrap

SAIL conducted an auction for 11,500 t (60 kg and 52kg, full length) of commercial rails on 22 Aug’22 from Bhilai Steel Plant (BSP). Buyers showed no interest for 60 kg rail due to the higher base price of INR 51,400/t and booked only 750 t at the base price. Meanwhile, 100 t of 52…