Pipes Market Remains Stable with No Immediate Price Changes
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Pipe market for both ERW pipes and DI pipes remains stable with no signs of price changes in the near future. Furthermore, potential download pressure is anticipated in the short term.
Pipes Price
- No major changes have been noticed in the prices of 800-mile radius, 100mm K7 DI pipes and ERW pipes after the price drop in early August.
Pipes Demand & Supply
- It is anticipated that a potential 12% increase in import duty on coils could lead to higher ERW pipe prices in the future. Despite this, current pipe prices have remained unchanged, and manufacturers are accepting orders at lower prices, indicating a possibility of further price reductions in the near term.
- In the ductile iron (DI) pipes sector, prices have remained stable, though manufacturers are also offering lower prices to expedite supply release.
Pipes News
- Telangana Government has requested the Centre to sanction ₹558 crore for taking up temporary and permanent irrigation restoration works, as over 773 irrigation tanks and canals, and pump houses suffered breaches during the recent heavy rains.
- Construction of Afghan section of Turkmenistan-to-India pipeline starts pipeline project is crucial, especially for Pakistan and India, with the two neighbouring nations importing over 80 per cent of their energy requirements.
Expert Opinion
- The pipes market remains stable for now, with no immediate price changes Manufacturers are currently accepting orders at lower prices, signaling potential downward pressure on prices in the short term. While AMRUT 2.0 Phase 2 pipeline projects are on hold due to government funding delays, causing cash flow issues for contractors, the supply side remains strong with ample stock from manufacturers.
Daily Market Report
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