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) in Raipur today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 50,100/t ($605/t)
• Raipur: INR 48,300/t ($584/t)
• Prices mentioned above are exw, excluding GST at 18%.