- Trade-level prices dip INR 1,000/t in late-May
- Demand slow, restricted to necessity-driven buying
A major Indian ERW pipe manufacturer has decreased list prices of its base-grade pipes (25-125 NB, 2.2-6 mm) by INR 2,000/tonne (t) ($23/t) in Raipur for early-June 2025 sales, sources informed BigMint.
Post-revision, list prices stood at INR 59,000/t ($688/t) exw-Raipur, excluding 18% GST, in early June against INR 61,000/t ($712/t) in late May. Moreover, the manufacturer also decreased prices by INR 1,000/t ($12/t) m-o-m in Pune and Mumbai to INR 61,000/t ($712/t) exw, exclusive of 18% GST, from INR 62,000/t ($723/t) earlier.
Notably, distributor-level monthly average prices of ERW pipes in Raipur went down by INR 1,000/t ($12/t) to INR 58,000/t ($677/t) in early-June as compared to INR 59,000/t ($688/t) exy-Raipur in late-May. Moreover, demand remained sluggish, with purchases largely limited to need-based requirements due to tight liquidity in the market.
Revised prices for Raipur, Pune and Mumbai will be effective from 1 June.
Trade-level HRC offers remain range-bound w-o-w
Trade-level HRC prices remained range-bound w-o-w at INR 51,000-52,800/t ($595-616/t) across markets. Furthermore, demand weakened due to heavy rains in south India and ongoing cash flow issues from high credit sales and delayed payments.
Outlook
The ERW pipe market may remain subdued in the near term amid cash flow challenges and seasonal factors. Trade activity is likely to remained sluggish until cash flow improves and demand conditions stabilise.
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