India: ERW pipe prices edge up on raw materials cost push

ERW patra pipe prices increased by INR 300/t in Raipur owing to hike in raw material costs. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 52,100/t exw-Raipur. Pipe prices are assessed at INR 53,500/t exw-Mandi Gobindgarh, up INR 200/t d-o-d. SteelMint reported pipe prices in Raipur at INR 51,100/t last week – higher by INR 1,000/t w-o-w. Prices exclude GST.