India: ERW pipe prices up by INR 500/t in Raipur

ERW patra pipe prices increased by INR 500/t in Raipur due to a hike in raw material prices. Current offers for base grade ERW pipe (41-60 OD) are assessed at INR 49,000/t exw-Raipur, excluding GST at 18%. Meanwhile, pipe prices are at INR 50,200/t in Mandi Gobindgarh, higher by INR 400/t d-o-d. SteelMint reported pipe prices in Raipur at INR 46,200/t last week.