India: ERW pipe prices move up d-o-d in key markets

ERW patra pipe (41-60 OD) prices rose by INR 400/t ($5/t) in Mandi Gobindgarh and inched up by INR 100/t ($1/t) in Raipur today. Current offers-

• Mandi Gobindgarh: INR 53,500/t ($658/t)
• Raipur: INR 52,000/t ($640/t)
• Prices are on exw basis, excluding GST at 18%.

On weekly basis, prices edged up by INR 200/t ($2/t) in Mandi, while these remained flat in Raipur.