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

ERW patra pipe (41-60 OD) prices fell sharply by INR 1,200/t ($15/t) d-o-d in Raipur and by INR 1,100/t ($13/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers-

• Raipur: INR 45,800/t ($561/t)
• Mandi Gobindgarh: INR 47,400/t ($580/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.