Daily Market Report

The pipes market is currently seeing aggressive pricing in the DI segment. However, a price rise is expected in the coming weeks due to anticipated demand growth. The MS and ERW pipe segments have already seen price increases. Despite liquidity challenges, the sector is expected to pick up pace as fiscal year-end approaches.

The pipes market remains stable as recent government funding for infrastructure projects in states like Rajasthan, Madhya Pradesh, Odisha, and Jharkhand has fallen short of expectations. Consequently, the anticipated surge in demand for pipes has not occurred.

The price of 100mm K7 DI Pipes is between Rs 1,340 and Rs 1,380, and ERW pipes are currently priced at Rs 57,500 per ton ex-Raipur. The market is currently slow due to liquidity issues, but a surge in demand is anticipated by year-end. Key developments include a government investment of INR 347 crore for green hydrogen projects.

The pipe market is undergoing a period of price correction due to oversupply and fierce competition, with industry players looking for ways to stay competitive.

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.

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.

Pipe prices are seeing significant movement, with 100mm K7 DI pipes priced at Rs 1,340 and Rs 1,380, and ERW at Rs 55,000 per ton. Demand has surged recently, driven by government spending on the Jal Jeevan Mission, which is expected to exceed Rs 50,000 Cr in FY25.

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.

There are no major changes in pipe prices in the last few days. Only a minor increase has been noticed in DI pipe prices due to overbooking by suppliers. While the manufacturers of ERW pipes have reduced prices due to low demand.

DI pipe prices from all manufacturers rise to Rs. 1,340-1,380 within an 800-mile radius, owing to high demand and overbooking. At the same time, ERW prices have dropped further to Rs. 55,000/ton amid low demand and decreasing costs of raw materials.

MS ERW pipe market shows a noticeable increase in the prices in the secondary market. The current prices of ERW pipes start at Rs. 56,500 per ton for secondary brands. Check more details on the latest pipe prices and market insights below.

ERW pipe prices show improvement after being at the year-low during the monsoon. Regarding the DI pipe market trend, the sale is expected to grow with the launch of various government schemes.