India: ERW pipe prices drop by up to INR 500/t ($6/t) in key markets

ERW patra pipe (41-60 OD) prices dropped by INR 500/t ($6/t) d-o-d in Raipur and by INR 200/t ($2/t) Mandi Gobindgarh today, sources informed SteelMint. Current offers:

• Raipur: INR 50,200/t ($607/t)
• Mandi Gobindgarh: INR 51,600/t ($623/t)
• Prices mentioned above are exw, excluding GST at 18%.