India: ERW pipe prices rise by up to INR 600/t ($7/t) in key markets

ERW patra pipe (41-60 OD) rose by INR 600/t ($7/t) in Mandi Gobindgarh d-o-d and by INR 200/t ($2/t) in Raipur today, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 52,700/t ($637/t)
• Raipur: INR 51,400/t ($621/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.