India: ERW pipe prices drop d-o-d in key markets

ERW patra pipe (41-60 OD) dropped by INR 500/t ($6/t) d-o-d in Mandi Gobindgarh while prices went down by INR 400/t ($5/t) in Raipur today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 50,100/t ($612/t)
• Raipur: INR 49,100/t ($599/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.