Pipe Prices Stable as Demand Surges Post-Monsoon
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Pipe prices remain stable, with 100mm K7 DI pipes priced at Rs.1360-1380 and ERW at Rs. 56,000/ton. Post-monsoon demand for pipes is increasing, driven by government infrastructure projects. Meanwhile, Welspun has invested USD 100 million to expand its pipe portfolio, while Indian Hume Pipe won an INR 859 crore order for a water distribution network in Maharashtra.
Pipes Prices
- 100mm K7 DI Pipes Rs. 1,360 and Rs. 1,380
- 100 mm K9 DI pipes Rs. 1,420-1,460
- ERW: Rs. 56,000/ton (ex Raipur)
- The current price of HDPE (High-Density Polyethylene) stands at Rs. 126/kg.
Pipes Demand & Supply
- The current market dynamics for pipe manufacturers show a surge in demand post-monsoon, driven by government fund releases for infrastructure projects.
- Major DI pipe producers like Rashmi Metaliks, Vedanta, and Electrosteel Castings are securing large orders at competitive prices despite no significant change in pricing, reflecting a strategic focus on volume over margins.
- Meanwhile, leading MS pipe manufacturers are reportedly booked out until December, indicating strong demand and potential supply constraints.
- This heightened activity is a response to the increased liquidity and project execution across states, positioning large manufacturers to leverage the growing market opportunities in the upcoming months.
Pipes News
- Welspun invests USD 100 million aiming to enhance its product portfolio by incorporating larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness.
- Indian Hume Pipe secures order worth INR 859 Crore involving the execution of work on engineering, procurement and construction (EPC), and the trial, testing, and commissioning of a gravity-piped distribution network to irrigate a 26,907-hectare command area of Jamphal Dam in Dhule district of Maharashtra
Expert Opinion
- Pipe demand is surging as contractors place large orders to secure supplies for December and January. With investments in various government projects for water supplies, the DI pipe industry is set for strong growth. To avoid delays due to the upcoming Maharashtra Assembly elections, it’s advisable to submit all bills and invoices promptly.
Daily Market Report
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