India: ERW pipe prices surge d-o-d in Raipur

ERW patra pipe (41-60 OD) prices jumped INR 800/t ($10/t) d-o-d in Raipur while prices inched up by INR 200/t ($3/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers-

• Raipur: INR 53,000/t ($652/t)
• Mandi Gobindgarh: INR 53,700/t ($661/t)
• Prices are exw, excluding 18% GST.

On a w-o-w basis, prices increased by INR 200/t ($3/t) in Raipur while these remained stable in Mandi.