DI Pipe Prices Stay Firm Amid Tight Supply; MS ERW Stable as Demand Seen Rising Post-Monsoon

Key Highlights

• DI 58: ₹200+/kg; strong bullish momentum, tight supply
• DI 68: ₹100–150/kg; likely upward price pressure
• MS ERW: ₹59,000/ton (primary), ₹56,000/ton (secondary); stable market
• Outlook: Demand recovery expected Aug–Sep from infra and water projects

Market Price:

DI 58 Prices Cross ₹200/kg Amid Supply Constraints

• DI 68: ₹100–150/kg
• DI 58: ₹200 & above

MS ERW: Stable Market Conditions

• Primary: ₹59,000/ton
• Secondary: ₹56,000/ton

Market News:

JTL Industries announced a significant capacity expansion initiative with the planned commissioning of a new Electric Resistance Welded (ERW) pipe manufacturing line, specifically targeting the ASTM/API-grade pipe market.

DI Pipes: ₹3,000-Crore Odisha Project Delayed

Electrosteel’s ambitious ductile iron pipe project in Odisha, worth ₹3,000 crore, is facing an 8–9 month delay due to land acquisition hurdles.

Supply & Demand Outlook

Current (Early–Mid August):

• Demand remains subdued, with projects still ramping up.
• Supply is ample, keeping prices at multi-quarter lows.
• Buyers currently hold strong negotiating power—making this a strategic time to procure at favorable rates.

Upcoming (Late August–September):

• Anticipated resurgence in demand driven by infrastructure and water supply schemes.
• Possible supply tightening and upward price pressure if delayed procurement accelerates.

DI Pipe Demand Drivers

A post-monsoon rebound in demand is expected from August–September 2025, driven by renewed activity in government schemes such as AMRUT 2.0, Jal Jeevan Mission, and Smart City projects. High inventory levels are prompting manufacturers to offer heavy discounts.

Expert Opinion

The DI pipe market remains bullish, particularly for DI 58, which is trading at ₹200+/kg, with further tightening expected due to the Odisha project delay. DI 68 remains more affordable at ₹100–150/kg but is likely to face upward pressure. The MS ERW market shows price stability, with primary prices at ₹59,000/ton and secondary at ₹56,000/ton, supported by strong infrastructure demand. JTL Industries’ planned expansion into API-grade ERW pipes signals a strategic shift toward high-margin segments. Buyers should secure DI supplies early, while traders and distributors may find short-term margin opportunities in high-grade DI and niche ERW products.