India: ERW pipe prices drop by up to INR 300/t ($4/t) in key markets

ERW patra pipe (41-60 OD) prices dropped by INR 300/t ($4/t) d-o-d in Mandi Gobindgarh and by INR 200/t ($2/t) Raipur today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 51,500/t ($622/t)
• Raipur: INR 50,800/t ($614/t)
• Prices mentioned above are exw, excluding GST at 18%.