India: ERW pipe prices surge d-o-d in key markets

ERW patra pipe (41-60 OD) prices surged by INR 700/t ($8/t) d-o-d in Raipur and by INR 500/t ($6/t) in Mandi Gobindgarh today, sources informed SteelMint. Current offers:

• Raipur: INR 48,700/t ($591/t)
• Mandi Gobindgarh: INR 50,800/t ($616/t)
• Prices mentioned above are exw, excluding GST at 18%.