India: ERW pipe prices drop by up to INR 600/t ($7/t) in key markets

ERW patra pipe (41-60 OD) prices dropped by INR 600/t ($7/t) d-o-d in Mandi Gobindgarh and by INR 500/t ($6/t) in Raipur today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 50,900/t ($618/t)
• Raipur: INR 49,500/t ($601/t)
• Prices mentioned above are exw, excluding GST at 18%.