A major domestic steel tube manufacturer has decreased ERW pipe prices by INR 2,000/ t ($27/t) to INR 70,000/t ($927/t) FOR Chhattisgarh, for Dec’21 deliveries. Current offers for base grade (25-125 NB, 2.2-6 mm thickness) material are at INR 72,250/t exy-Mumbai and INR 72,000/t exy-Delhi, excluding 18% GST. The company decreased pipe prices owing to falling raw material prices.
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