India: ERW pipe prices drop by up to INR 600/t ($8/t) in key markets

ERW patra pipe (41-60 OD) prices dropped by INR 600/t ($8/t) in Mandi Gobindgarh and by INR 500/t ($6/t) in Raipur today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 55,000/t ($696/t)
• Raipur: INR 54,000/t ($684/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.

On a monthly basis, prices have fallen by INR 5,150/t ($65/t) in Raipur and by INR 4,800/t ($61/t) in Mandi in June.