India: ERW pipe prices fall by up to INR 1,000/t ($13/t) in key markets

ERW patra pipe prices decreased by INR 1,000/t ($13/t) in Raipur and INR 600/t ($8/t) in Mandi Gobindgarh today on weak demand, as buyers adopted a wait-and-watch stance apprehending a further fall in prices. Current base grade ERW pipe (41-60 OD) prices stand at INR 61,000/t ($795/t) exw Raipur and INR 63,400/t ($827/t) exw Mandi, excluding GST.