India: Poor sales weigh on ERW pipe prices in key markets

ERW patra pipe (41-60 OD) prices dropped further today due to poor sales in the domestic market, sources informed SteelMint. Current offers-

• Mandi Gobindgarh: INR 55,700/t ($702/t), down INR 300/t ($4/t)
• Raipur: INR 52,500/t ($661/t), down INR 1,000/t ($13/t)
• Prices mentioned are on exw basis, excluding GST at 18%.

On weekly basis, prices fell INR 2,000/t ($25/t) in Raipur and INR 200/t ($3/t) in Mandi.