India: ERW pipe prices edge down in key markets

ERW patra pipe (41-60 OD) prices dropped in both key markets d-o-d today. Poor sales led to the decline.

Current offers-

• Mandi Gobindgarh: INR 56,800/t ($712/t), down INR 1,100/t ($14/t)
• Raipur: INR 54,500/t ($684/t), down by INR 400/t ($5/t)
• Prices are on exw basis, excluding 18% GST.

W-o-w, prices dropped INR 1,100/t ($14/t) in Raipur and INR 700/t ($9/t) in Mandi.