India: Major ERW pipe producer raises list prices for mid-Nov'24 sales
A prominent ERW pipe manufacturer has hiked list prices of its base-grade pipes (25-125 NB, 2.2-6 mm) by INR 1,000/t ($12/t) for mid-Nov'24 sales, sources informed BigMint. Post revision, prices stood at INR 56,000/t ($664/t) exw-Raipur, excluding GST at 18%; these prices will be effective from 11 Nov'24. The company has adjusted tags upward in response to higher raw material costs and price hikes from competitors.