India: ERW pipe prices drop by up to INR 400/t ($5/t) in key markets

ERW patra pipe (41-60 OD) prices dropped by INR 400/t ($5/t) d-o-d in Mandi Gobindgarh and INR 100/t ($1/t) in Raipur today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 52,100/t ($630/t)
• Raipur: INR 51,200/t ($619/t)
• Prices are on exw basis, excluding GST at 18%.