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

ERW patra pipe (41-60 OD) prices decreased in major markets due to sluggish demand, sources informed SteelMint. Moreover, in Raipur, mills have adopted production cuts amid higher input costs and squeezing margins. Current offers-

• Mandi Gobindgarh: INR 56,000/t ($706/t), down INR 400/t ($5/t)
• Raipur: INR 53,500/t ($674/t), down INR 500/t ($6/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.