India: ERW pipe prices largely stable across markets

ERW patra pipe prices are flat in the Raipur and Mandi Gobindgarh markets on account of dull sales. Current offers for base grade ERW pipe (41- 60 OD) are assessed at INR 55,500/t exw-Raipur and INR 57,200/t exw-Mandi. Prices do not include GST at 18%. Prices and demand may rise after the market recovers from the impact of an extended monsoon.