India: ERW pipe prices edge up on rising raw material costs

Patra-based ERW pipe prices increased by INR 1,500/t in Raipur, as per SteelMint assessment, as raw materials prices have edged up. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 48,400/t exw-Raipur. Meanwhile, pipe prices are at INR 49,800/t in Mandi Gobindgarh, up by INR 800/t d-o-d. SteelMint reported pipe prices in Raipur at INR 47,500/t last week. Prices do not include GST at 18%.