Pipe Market Update: Price Trends, Supply Outlook & Key Developments

Key Highlights:

• Price Trends:

1. 100mm K7 DI Pipes: ₹1,340 - ₹1,380
2. ERW Steel Pipes: ₹58,000/ton (Ex-Raipur)

• Demand & Supply: Business activity is expected to gain momentum in Feb-March, pushing prices up.
• Industry News: New quality control norms for stainless steel pipes & tubes to curb substandard imports.
• Market Outlook: Contractors are advised to secure materials early to lock in lower prices.

Current Price Trends & Market Rates

• 100mm K7 DI Pipes 1340 and Rs. 1380
• ERW: 58000/t (ex Raipur)

Demand & Supply: Market Outlook for February-March

• Although fund flow remains slow, business activity is projected to gain momentum in February and March, potentially driving prices higher. This presents a strategic window for buyers to secure materials at current low prices before the expected market upswing.
• While stock availability remains strong across all diameters, manufacturers have begun increasing prices due to a slight uptick in demand

Key Industry Updates in Pipe Market & Government Regulations

• Maharashtra Minister of Environment Pankaja Munde on Monday said that the government is set to develop a comprehensive plan to prevent sewage from contaminating rivers and lakes while promoting the reuse of polluted water, Highlighted that large volumes of untreated sewage from village panchayats, municipal corporations, and metropolitan areas directly enter rivers, causing significant environmental and health concerns.
• PS Raj Steels' SME IPO, aiming to raise Rs 28.28 crore, was subscribed 3.62 times by Day 2. The company manufactures stainless-steel pipes and serves multiple industries. The IPO price band is Rs 132-140, with allotment on February 17 and listing on February 19 on NSE SME.
• The government has imposed mandatory quality orders for stainless steel seamless pipes, and tubes to curb the import of sub-standard goods, boost domestic manufacturing and ensure consumer safety.
• A notification 'Stainless Steel Pipes and Tubes (Quality Control) Order, 2025' was issued in this regard by the Department for Promotion of Industry and Internal Trade (DPIIT) on February 10.

Expert Opinion and Strategic Insights for Buyers

Delays in MJP (Maharashtra Jeevan Pradhikaran) and JJM (Jal Jeevan Mission) fund releases have slowed business, with MJP contractors threatening a strike if payments aren’t made by February 22nd. JJM funds are also awaited in Maharashtra’s water department. Given this, contractors should secure materials now to lock in lower prices and ensure timely deliveries before market conditions tighten.