India: ERW pipe prices sharply rise d-o-d in key markets

ERW patra pipe (41-60 OD) prices sharply rose by INR 1,600/t ($20/t) d-o-d in Mandi Gobindgarh and by INR 900/t ($11/t) in Raipur today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 50,100/t ($615/t)
• Raipur: INR 47,200/t ($580/t)
• Prices mentioned above are exw, excluding GST at 18%.