India: ERW pipe prices sharply drop in key markets

ERW patra pipe (41-60 OD) prices sharply dropped by INR 700/t ($9/t) d-o-d in Mandi Gobindgarh and Raipur today, sources informed SteelMint. Current offers:

• Mandi Gobindgarh: INR 48,300/t ($597/t)
• Raipur: INR 46,800/t ($579/t)
• Prices mentioned above are on exw basis, excluding GST at 18%.