India: ERW pipe prices drop by INR 500/t ($6/t) in Mandi

ERW patra pipe (41-60 OD) prices dropped by INR 500/t ($6/t) in Mandi Gobindgarh on dull demand while prices remained stable in Raipur today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 55,200/t ($693/t)
• Raipur: INR 52,500/t ($659/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.