India: Dull demand continues to weigh on ERW pipe prices

ERW patra pipe (41-60 OD) prices continued their downtrend d-o-d due to subdued demand in the domestic market, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 54,800/t ($685/t), down INR 1,000/t ($13/t)
• Raipur: INR 52,300/t ($654/t), down INR 700/t ($9/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.