India: ERW pipe prices fall d-o-d in key markets

ERW patra pipe (41-60 OD) prices fell by INR 100/t ($1/t) in both Mandi Gobindgarh and Raipur markets today due to limited buying interest, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 55,900/t ($706/t)
• Raipur: INR 54,500/t ($688/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.

On w-o-w basis, prices jumped by INR 2,500/t ($32/t) in Raipur and INR 1,500/t ($19/t) in Mandi.