India: ERW pipe prices fall by up to INR 500/t ($6/t) in key markets

ERW patra pipe (41-60 OD) prices fell by INR 500/t ($6/t) in Mandi Gobingarh and by INR 400/t ($5/t) in Raipur today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 56,400/t ($708/t)
• Raipur: INR 54,000/t ($678/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.

On weekly basis, prices dropped by INR 550/t ($7/t) in Raipur and by INR 400/t ($5/t) in Mandi Gobindgarh.