India: ERW pipe prices marginally drop in key markets

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

• Raipur: INR 48,500/t ($602/t)
• Mandi Gobindgarh: INR 49,500/t ($614/t)
• Prices mentioned above are exw, excluding GST at 18%.

Prices fell by INR 1,200/t ($15/t) in Raipur w-o-w and by INR 1,400/t ($17/t) in Mandi Gobindgarh.