Pipes Prices Surge as Manufacturers Revise Quotes; Jal Jeevan Mission Extension to Drive Growth

Key Insights

• Pipe Prices Rising: DI pipe prices surged by 3–5%, while ERW and MS pipes saw steady increases.
• Growing Demand: Project activity and seasonal factors are driving higher demand, with further boosts expected from government fund inflows.
• Market at a Critical Point: Rising prices and demand make this a strategic time for contractors to procure materials.
• Jal Jeevan Mission Extended: The government allocated Rs 67,000 crore to continue the clean water initiative until 2028.
• JTL Industries Secures Major Order: The company will supply 3,000 MT of pipes under the Jal Jeevan Mission.

Pipes Price

• 100mm K7 DI Pipes: Rs 1340 and Rs 1380
• ERW: Rs 56500/mt (ex Raipur)

Pipes Demand & Supply

• Manufacturers have begun increasing prices, with DI pipes witnessing a surge of 3–5%. Many manufacturers are discarding previous orders and revising their quotes. MS and ERW pipes have already seen price hikes over the past week, with further increases anticipated in the coming week.
• On the demand side, there has been a noticeable uptick since the second week of February, driven by seasonal factors and increased project activity. With government funds expected to be released soon, demand is likely to strengthen further, potentially leading to additional price escalations.

Pipes News

• The Union Budget 2025-26 has extended the Jal Jeevan Mission (JJM) until 2028 with an outlay of Rs 67,000 crore, reinforcing the government's commitment to clean water access.
• JTL Industries has secured a 3,000 MT pipe supply order under the Jal Jeevan Mission, contributing to the initiative’s infrastructure development.
• JSW Steel Dolvi Works has ordered a 350-mt capacity Basic Oxygen Furnace (BOF) converter from SMS Group as part of its expansion plan, which will increase its steel production capacity by 3.7 million mt per year.

Expert Opinion

The pipe market is at a turning point, with increasing demand driven by government fund inflows and more expected this month. Prices are already rising, and manufacturers are revising quotes, making this a strategic window for contractors to secure materials before further hikes. This week will be pivotal in determining whether demand accelerates, following a slow last quarter.