India: ERW pipe prices edge down d-o-d in key markets

ERW patra pipe (41-60 OD) prices dropped d-o-d in the key markets today owing to sluggish demand. Current offers-

• Mandi Gobindgarh: INR 56,000/t ($701/t), down INR 800/t ($10/t)
• Raipur: INR 53,300/t ($667/t), down by INR 700/t ($9/t)
• Prices are on exw basis, excluding 18% GST.