India: ERW pipe prices increase on rising demand

ERW patra pipe prices increased by INR 1,000/t in Raipur market on 22 Feb’22, as per SteelMint reports. Current offers for base grade ERW pipes (41- 60 OD) are assessed at INR 65,500/t exw-Raipur. Meanwhile, ERW patra pipe prices are assessed at INR 67,000/t exw-Mandi Gobindgarh, Punjab market, higher by INR 1,200/t d-o-d. SteelMint reported pipe prices in Raipur at INR 61,100/t last week, surging by INR 4,400/t w-o-w. Prices exclude GST.