India: ERW pipe prices rise on surging raw material costs

Prices of ERW patra pipes increased by INR 1,100/t in Raipur on rising input costs on 25 Feb’22, SteelMint reports. Current offers for base grade ERW pipes (41-60 OD) are at INR 55,400/t exw-Raipur. Meanwhile, pipe prices are at INR 56,800/t in Mandi Gobindgarh, up by INR 200/t d-o-d. Pipe prices in Raipur were at INR 53,500/t excluding GST last week, up by INR 1,900/t w-o-w.