India: ERW pipe prices surge in key markets

ERW patra pipe (41-60 OD) prices surged by INR 600/t ($7/t) d-o-d in Raipur, and by INR 400/t ($5/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers:

• Raipur: INR 50,100/t ($605/t)
• Mandi Gobindgarh: INR 51,900/t ($627/t)
• Prices mentioned above are exw, excluding GST at 18%.