India: ERW pipe prices rise on surging raw material costs

ERW patra pipe prices increased by INR 200/t in Raipur on rising input costs. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 53,700/t exw-Raipur. Meanwhile, pipe prices are at INR 56,000/t in Mandi Gobindgarh, up INR 500/t d-o-d. SteelMint reported pipe prices in Raipur at INR 52,000/t last week, up INR 1,700/t w-o-w. Prices exclude GST.