India: ERW pipe price rise on strong raw material prices

ERW patra pipe prices increased by INR 200-300/t due to increase in raw material prices, as per SteelMint reports. Current offers for base grade ERW pipes (41-60 OD) are assessed at INR 49,900/t exw-Raipur and INR 52,500/t exw-Mandi. Prices do not include GST at 18%. Prices have edged up by INR 300/t in Raipur and by INR 200/t in Mandi Gobindgarh, as per SteelMint reports.