MS ERW, DI Pipe Prices Sink to Multi-Quarter Lows Amid Monsoon-Led Weak Demand
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Pipe prices remain under pressure with DI quoted at ₹67/kg (≤150 mm) and ₹58/kg (>150 mm), while MS pipes trade at ₹55–58/kg. Monsoon slowdowns have weakened demand across MS ERW and DI pipes, despite new capacity additions and infrastructure projects. High inventories and discounts continue to dominate the market.
Key Highlights
- DI Pipe prices: ₹67/kg (≤150 mm), ₹58/kg (>150 mm)
- MS Pipe prices: ₹57–58/kg (primary), ₹55–56/kg (secondary)
- Vibhor Steel adds 156,000 MTPA ERW capacity in Odisha
- GMDA announces 7.6 km DI pipeline project in Gurgaon
Pipe Prices at Multi-Quarter Lows
- DI Pipe: Prices are currently quoted at ₹67/kg for sizes up to 150 mm, while sizes above 150 mm are available at ₹58/kg.
- MS Pipe: In the mild steel pipe segment, primary material is being offered in the range of ₹57–58/kg, whereas secondary material is priced slightly lower, at ₹55–56/kg.
Weak Demand During Monsoon Keeps MS ERW & DI Segments Under Pressure
- MS ERW: As of mid-2025, demand remains subdued, with monsoon-related slowdowns in construction and infrastructure dampening offtake. High inventories have pushed manufacturers to offer bulk discounts and flexible payment options. Prices remain at multi-quarter lows.
- DI Pipe: The DI segment also faces weak demand due to delayed infrastructure and water projects during the monsoon. With execution cycles slowed, supply remains ample. Manufacturers are offering aggressive discounts and flexible terms, keeping prices stable at multi-quarter lows.
News & Developments: Vibhor Steel Expands ERW Capacity
- MS Pipe: Vibhor Steel Tubes has begun ERW pipe supply from its new Odisha plant. The facility adds 156,000 MTPA of capacity, taking the company’s total across three plants to 377,000 MTPA.
- DI Pipe: After two decades, Gwalpahari (Gurgaon) will finally receive treated canal water through an upgraded pipeline network. GMDA has invited tenders for laying 7.6 km of a 450 mm main line from Chandu Budhera WTP to the Sector 72 boosting station. The project, scheduled for completion by June 2026, includes 3.6 km of extension to a line partially laid in 2012.
Expert’s Opinion and Market Outlook
- Despite capacity expansions (e.g., Vibhor Steel’s Odisha ERW unit) and upcoming infrastructure projects (e.g., GMDA’s DI pipeline in Gurgaon), the overall pipe market remains under pressure.
- Both MS ERW and DI pipes continue to face muted demand and high inventory levels due to seasonal slowdowns.
DI Pipe
MS ERW Round Pipe
MS ERW Rectangular Hollow Section
MS ERW Square Hollow Section
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