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

ERW patra pipe (41-60 OD) prices edged down by INR 500/t ($6/t) in Raipur and by INR 100/t ($1/t) d-o-d in Mandi Gobindgarh today, sources informed SteelMint. Current offers-

• Raipur: INR 53,000/t ($663/t)
• Mandi Gobindgarh: INR 56,000/t ($701/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.

Prices have fallen by INR 1,000/t ($13/t) on w-o-w basis in Raipur and by INR 400/t ($5/t) in Mandi.