India: ERW pipe prices remain stable in key markets

ERW patra pipe prices remain unchanged in Raipur and Mandi Gobindgarh on 20 Jan’22. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 51,400/t exw-Raipur and INR 52,300/t exw-Mandi Gobindgarh. SteelMint reported pipe prices at INR 50,500 in Raipur last week, which shows that prices have climbed INR 900/t w-o-w. The price does not include GST at 18%.