India: ERW patra pipe prices fall INR 200/t ($3/t) in key markets

ERW patra pipe (41-60 OD) prices fell by INR 200/t ($3/t) d-o-d in key markets today on slow demand and limited inquiries compared compared to Saturday. Current offers:

• Mandi Gobindgarh: INR 53,300/t ($687/t)
• Raipur: INR 51,000/t ($657/t)
• Prices mentioned are on an exw basis, excluding 18% GST.

On a weekly basis, pipe prices have fallen by INR 1,200/t ($15/t) in Raipur and INR 500/t ($6/t) in Punjab.