India: ERW pipe prices rise on surging input costs

ERW patra pipe prices increased by INR 2,300/t in Raipur owing to the hike in input costs on 21 Mar’22. Current offers for base grade ERW pipe (41-60 OD) are at INR 64,500/t exw-Raipur. Meanwhile, prices are assessed at INR 65,800/t exw-Mandi Gobindgarh, Punjab, up INR 2,800/t d-o-d. Pipe prices in Raipur were at INR 62,800/t last week, excluding GST.