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SAIL successfully completes auction of 8,750 tons of commercial rail

Steel Authority of India Limited (SAIL), one of India's leading steel producers, achieved great success with the auction held on September 9, 2023 at its Bhilai Steel Plant in Chhattisgarh. The auction was for 8,750 tons of full-length commercial rails (60 kg and 52 kg) and was met with great interest by industry representatives.

SAIL successfully completes auction of 8,750 tons of commercial rail

Out of the total 8,750 tons offered in the auction, around 7,500 tons were purchased by successful buyers. This significant development once again emphasized SAIL's strong position and influence in the steel industry.

The buyers purchased 60 kg of rails from the mill at INR 42,500 per ton and 52 kg of rails from the mill at INR 70,000 per ton.


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