India: ERW pipe prices fall on decline in sales

ERW patra-based pipe prices decreased by INR 300-700/t on dull domestic sales. Current offers for base grade ERW pipes (41-60 OD) are assessed at INR 55,800/t exw-Raipur and INR 57,500/t exw-Mandi. Prices do not include GST at 18%. Prices have declined in the range of INR 700/t in the Raipur and INR 300/t in Mandi Gobindgarh markets, respectively, as per SteelMint reports.