India: ERW patra pipe prices continue to fall as input costs edge down

ERW patra pipe prices dropped in Raipur and Mandi Gobindgarh due to the decline in raw material costs on 11 Apr’22. Current base grade ERW pipe (41-60 OD) prices are at INR 60,000/t exw Raipur and INR 61,000/t exw Mandi, excluding GST. Pipe prices were at INR 63,500/t in Raipur and INR 65,000/t in Mandi last week, down INR 3,500/t in Raipur and INR 5,000/t in Mandi w-o-w.