India: ERW pipe prices increase on rising demand

ERW patra pipe prices increased by INR 400/t in Raipur on rising domestic demand. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 52,400/t exw-Raipur. Meanwhile, ERW patra pipe prices are assessed at INR 54,500/t exw-Mandi Gobindgarh, Punjab, unchanged d-o-d. SteelMint reported pipe prices in Raipur at INR 54,100/t last week, down INR 1,700/t w-o-w. Prices exclude GST.