India: ERW pipe prices largely stable d-o-d in key markets

ERW patra pipe (41-60 OD) prices remained largely stable d-o-d in key markets today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 57,500/t ($725/t)
• Raipur: INR 55,600/t ($701/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.

On a weekly basis, prices rose by INR 450/t ($6/t) in Raipur and by INR 850/t ($11/t) in Mandi Gobindgarh.