India: ERW patra pipe prices up by INR 400/t ($5/t) in key markets

ERW patra pipe prices rose by INR 400/t ($5/t) in Raipur and by INR 300/t ($4/t) in Mandi Gobindgarh today on increased enquiries. However, demand continued to remain slow. The current base grade ERW pipe (41-60 OD) prices stand at INR 51,900/t ($669/t) exw-Raipur and INR 52,300/t ($674/t) exw-Mandi, excluding 18% GST.