India: ERW pipe prices tumble d-o-d in key markets

ERW patra pipe (41-60 OD) prices fell sharply by INR 800/t ($10/t) d-o-d in Raipur while prices in Mandi Gobindgarh dropped by INR 500/t ($6/t) today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 53,000/t ($641/t)
• Raipur: INR 51,000/t ($616/t)
• Prices are exw, excluding 18% GST.