India: Patra prices increase sharply across major markets

HR strip (patra) prices increased by INR 1,800/t in Raipur and INR 2,800/t in Mandi Gobindgarh on 9 Mar’22. Current offers for base grade patra (148-200 mm, 2mm thick) are assessed at INR 65,000/t exw-Raipur. Meanwhile, patra prices are assessed at INR 66,300/t exw-Mandi. SteelMint reported patra prices in Raipur at INR 57,500/t and INR 57.800/t in Mandi last week. Prices exclude GST.