India: ERW pipe prices rise by up to INR 500/t ($6/t) in key markets

ERW patra pipe (41-60 OD) prices rose by INR 500/t ($6/t) in Raipur and by INR 300/t ($4/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 53,100/t ($666/t)
• Raipur: INR 52,000/t ($652/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.

On weekly basis, prices dropped by INR 500/t ($6/t) in Raipur and by INR 700/t ($9/t) in Mandi Gobindgarh.