India: ERW patra pipe prices drop up to INR 400/t w-o-w

ERW patra pipe (41-60 OD) prices declined by around INR 200/t w-o-w in Raipur and by INR 400/t w-o-w in Mandi Gobindgarh amid slow demand. The prices stood around INR 41,400/t exw-Raipur, while around INR 43,400/t exw-Mandi Gobindgarh as on 21 Feb’25. On a day-on-day comparision, the prices dropped a nominal INR 100/t in both markets.