India: ERW patra pipe prices increase as demand improves

ERW patra pipe prices surged INR 2,000/t d-o-d in Raipur on 13 Apr’22 on improved demand. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 61,000/t exw Raipur. Meanwhile, prices are assessed at INR 62,000/t exw Mandi Gobindgarh, Punjab, higher by INR 1,500/t d-o-d. SteelMint reported pipe prices in Raipur at INR 62,500/t last week, down INR 1,500/t w-o-w. Prices exclude GST.