India: ERW patra pipe prices drop by up to INR 700/t w-o-w in key markets
ERW patra pipe prices declined by INR 700/t w-o-w in Mandi Gobindgarh, Punjab, while prices in Raipur, Chhattisgarh, fell by INR 600/t w-o-w. Base-grade patra pipe (41-60 OD) prices stood at INR 42,800/t exw-Mandi and INR 40,400/t exw-Raipur on 13 Sep'24. Prices exclude 18% GST. Prices fell amid a slowdown in trading activity in finished steel and lower raw material costs.