Pipes Market Braces for Price Hikes Due to Import Tariffs
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Prices for 100mm K7 DI Pipes range from Rs. 1340 to Rs. 1380, while ERW pipes stand at Rs. 55,000/ton (ex Raipur). Rising tariffs on imports from China and Vietnam could push pipe prices higher. Meanwhile, manufacturers are accepting large orders with reduced margins to maintain operations.
Pipes Price
- 100mm K7 DI Pipes Rs 1340 and Rs. 1380
- ERW: Rs 55,000/ton (exw Raipur)
Pipes Demand & Supply
- The current Ductile Iron (DI) market reflects aggressive order acceptance from manufacturers to sustain production and sales, despite recent tariff increases of 12-30% on specific steel products imported from China and Vietnam. These tariffs are expected to drive up prices in the coming weeks. Buyers looking to secure large orders with delivery timelines extending into January and February should consider booking contracts in the October-November period to lock in current prices and ensure a steady supply to achieve desired turnovers in Q4 and Q1. Delaying decisions could lead to higher procurement costs and narrower margins, making early booking a prudent strategy in a volatile market.
Pipes News
- Sambhv Steel Tubes, a leading ERW steel pipes manufacturer, files for a Rs 550 crore IPO. The IPO includes a fresh issue and an offer-for-sale by promoters.
- Hariom Pipes share price came after the company announced that its board has approved fund-raising of Rs 700 crore through issuance of equity shares or any other eligible securities.
- The Atal Mission for Rejuvenation and Urban Transformation 2.0 (AMRUT 2.0) aims to provide water supply through functional taps to all households in statutory towns and coverage of sewerage/septage management.
Expert Opinion
- Manufacturers are currently refraining from significant price reductions but are accepting large orders at lower margins to support plant operations and cover functional costs.
- With rising tariffs on imports from China, the cost of iron ore is expected to increase, which will directly push up the prices of DI and MS pipes.
- Contractors are advised to lock in prices and place purchase orders now to secure favorable rates before these cost escalations take effect.
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