India: ERW pipe prices fall further by INR 500/t ($6/t) in Raipur

ERW patra pipe (41-60 OD) prices continued the downward trend in Raipur due to poor demand and lower conversion spread, resulting in production curtailment by mills, sources informed SteelMint. Current offers-

• Raipur: INR 51,500/t ($648/t), down INR 500/t ($6/t)
• Mandi Gobindgarh: INR 52,600/t ($662/t), down INR 800/t ($10/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.