India: ERW patra pipe prices drop INR 700/t ($9/t) in major markets

ERW patra pipe (41-60 OD) prices dropped INR 700/t ($9/t) in Mandi Gobindgarh and INR 500/t ($6/t) in Raipur d-o-d today. Current offers:

• Mandi Gobindgarh: INR 52,400/t ($674/t)
• Raipur: INR 50,500/t ($650/t)
• Prices mentioned are on an exw basis, excluding GST at 18%.