India: ERW pipe prices rise by up to INR 400/t ($5/t) in key markets

ERW patra pipe (41-60 OD) prices rose by INR 400/t ($5/t) in Mandi Gobindgarh and by INR 300/t ($4/t) in Raipur today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 53,400/t ($670/t)
• Raipur: INR 51,800/t ($650/t)
• Prices are on exw basis, excluding GST at 18%.

On weekly basis, prices edged down by INR 200/t ($3/t) in Raipur while prices rose by INR 300/t ($4/t) in Mandi Gobindgarh.