India: ERW pipe prices witness downward trend in key markets

ERW pipe prices witnessed a downward trend today as against yesterday owing to sluggish demand and on anticipation that prices will go down further. Following are the current base grade ERW pipe (41-60OD) prices,

• Mandi, Gobindhgarh: INR 60,000/t ($775/t), down INR 200/t ($3/t)
• Raipur, Chattishgarh: INR 58,500/t ($755/t), down INR 1,000/t ($13/t)
• Prices mentioned above are on exw basis, exclusive of 18% GST.