India: ERW patra pipe prices fall by up to INR 800/t ($10/t) d-o-d in key markets

ERW pipe prices continued to fall today by INR 800/t ($10/t) in Mandi and INR 400/t ($5/t) in Raipur due to lack of buying interest, as against 4 May 2022. The current base grade ERW pipe (41-60 OD) prices stand at INR 61,800/t ($811/t) exw-Mandi while INR 60,300/t ($791/t) exw-Raipur, excluding GST at 18%.