India: ERW pipe prices down INR 800/t ($10/t) in Punjab

ERW patra pipe (41-60 OD) prices fell INR 800/t ($10/t) d-o-d in Mandi Gobindgarh and by INR 100/t ($1/t) in Raipur today. Current offers:

• Mandi Gobindgarh: INR 52,500/t ($672/t)
• Raipur: INR 51,000/t ($653/t)

Prices mentioned are on an exw basis, excluding GST at 18%.