India: ERW pipe prices drop by up to INR 400/t ($5/t) in key markets

ERW patra pipe (41-60 OD) prices dropped by INR 400/t ($5/t) d-o-d in Raipur and by INR 300/t ($4/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers:

• Raipur: INR 48,600/t ($601/t)
• Mandi Gobindgarh: INR 49,600/t ($614/t)
• Prices mentioned above are exw, excluding GST at 18%.