India: ERW pipe prices rise on surging raw material costs

ERW patra pipe prices increased by INR 1,000/t in Raipur on rising input costs on 5 Mar’22. Current offers for base grade ERW pipes (41-60 OD) are assessed at INR 62,000/t exw-Raipur. Meanwhile, pipe pries stand at INR 63,500/t in Mandi Gobindgarh, up by INR 1,500/t d-o-d. Pipe prices in Raipur were INR 55,300/t last week – higher by INR 6,700/t w-o-w, excluding GST.