India: ERW pipe prices sharply rise in key markets

ERW patra pipe (41-60 OD) prices sharply rose by INR 900/t ($11/t) d-o-d in Raipur, and by INR 800/t ($10/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers:

• Raipur: INR 48,400/t ($585/t)
• Mandi Gobindgarh: INR 50,600/t ($612/t)
• Prices mentioned above are exw, excluding GST at 18%.

Prices fell by INR 200/t ($2/t) in Raipur and Mandi Gobindgarh w-o-w.