India Steel Market Watch
November 2: State-run Steel Authority of India Limited (SAIL) is likely to supply rails for railway network expansion plans in Iran, according to industry sources.
SAIL would likely export about 100,000 ton of rails to Iran from its flagship entity Bhilai Steel Plant (BSP), which has been the sole producer of rail for the company.
The order for rails is in 18 metres finished lengths. The plant supplies rails to Indian Railways in lengths of 13 and 26 metres from its existing rail mill besides 130 and 260 metre rails from its long rail complex.
Since BSP is not producing 18 metre rails as demanded by the authorities in Iran, it is installing new equipment to facilitate the supply, sources said.