Daily Market Report

DI and ERW pipe prices have dropped significantly, with DI pipe rates down 15–20% from recent highs. The decline is attributed to weakened cash flow, delayed projects, and monsoon disruptions. ERW prices have also softened as buyers push for lower rates amid sluggish inventory movement. Manufacturers are offering steep discounts to sustain sales. Current market conditions present an ideal buying opportunity for bulk orders.

The DI pipe market is under pressure due to sluggish demand, early monsoons, and delayed government fund releases, pushing manufacturers to offer lower prices. In contrast, the ERW and MS pipe segments are holding steady with consistent demand and prices. Experts suggest contractors consider advance bookings while DI pipe prices remain low, especially with signs of fund flows beginning in Madhya Pradesh.

Demand for DI, HDPE, and MS pipes has risen sharply, particularly for smaller DI sizes, as contractors rush to book orders before the monsoon. While prices remain steady for now, supply bottlenecks and raw material delays are extending lead times. Procurement momentum is gaining strength across infrastructure and water projects, supported by fresh fund releases from government departments.

With contractors rushing to procure pipes before the monsoon, demand—especially for smaller diameter DI pipes—has risen sharply. Market liquidity has improved slightly, helping traders, but several projects still face delays due to pending payments. Pipe prices remain stable, although pressure is building for a potential hike. ERW pipe prices have settled after recent increases, backed by steady demand in both primary and secondary markets.

The DI pipe market sees rising demand from infrastructure projects in Maharashtra, Madhya Pradesh, Telangana, and Karnataka as states resume work after receiving partial funds. While supply remains stable and manufacturers are offering bulk orders at discounted rates, prices have yet to rise. However, with project execution ramping up, prices may increase soon.

The pipes market is experiencing strong demand, driving up ERW/MS pipe prices by Rs 2-3 per kg. DI pipe manufacturers are running at full capacity to meet procurement needs for pending projects but have maintained stable pricing to ensure timely dispatches. Experts advise contractors to finalize orders this week to avoid potential supply bottlenecks.

The pipe market is witnessing strong demand as contractors rush to finalize procurement before the financial year-end. DI pipe manufacturers are fully booked, while liquidity and order flow remain high. Despite the surge, prices have remained steady to ensure smooth supply. Experts advise contractors to place pending orders soon, as next week is expected to be congested with supply and dispatch operations.

As the financial year-end nears, pipe prices are rising due to increased demand from contractors finalizing projects. Major manufacturers like Jindal and Electrosteel have secured large orders, tightening supply. Meanwhile, Maharashtra’s contractors threaten to halt work over unpaid dues, potentially impacting infrastructure projects. Experts predict a surge in pipe prices by late March as demand peaks.

Ductile Iron (DI) pipe prices have likely hit their lowest point, with major manufacturers adopting aggressive pricing strategies. Demand is expected to rise, but delays in government fund disbursements continue to impact project execution.

Steel and polymer prices remain stable despite slow fund flows, but market activity is expected to pick up in February-March, potentially driving pipe prices higher. Manufacturers have started increasing rates due to a slight demand surge. Key policy updates, IPO movements, and government regulations on steel quality are shaping the market.

DI and ERW pipe prices have increased as manufacturers revise quotes, with further hikes expected. Demand has picked up since mid-February, driven by seasonal trends and government project activity. The Union Budget 2025-26 has extended the Jal Jeevan Mission, allocating Rs 67,000 crore for clean water access. With rising demand, contractors should act before further price increases.

Pipe prices remain stable, with DI, MS, and ERW seeing increased demand as government funds start flowing in Rajasthan and Madhya Pradesh. The Jal Jeevan Mission missed its 2024 target, pushing completion to 2025. Experts suggest locking in purchases now before expected price hikes in March.