India: ERW pipe prices inch down d-o-d in major markets

ERW patra pipe (41-60 OD) prices dropped in key markets – Mandi Gobindgarh and Raipur – today owing to subdued demand and weak inquiries, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 58,200/t ($728/t), down INR 300/t ($4/t)
• Raipur: INR 55,300/t ($692/t), down by INR 700/t ($9/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.