India: ERW patra pipe prices fall w-o-w ahead of Diwali festival

• Billet, patra prices fall, reducing cost support
• Need-based trading to continue in near term

Indian electric resistance welded (ERW) patra pipes (41-60 OD) declined w-o-w in Raipur and Mandi. With Diwali approaching, the traditional festival slowdown led to a significant reduction in demand, with buyers holding back on stockpiling.

“Although prices were reduced, the volume of inquiries remained very small due to the ongoing dispatch of pending orders,” as per BigMint sources. Meanwhile, in the middle of the week, demand saw a slight improvement, driven by essential purchasing from buyers.

Prices in Raipur decreased by INR 100/t d-o-d on Friday. However, in Mandi, on a d-o-d basis, prices remained unchanged on 17 October 2025. Prices stood at INR 38,100/t in Raipur and INR 41,000/t in Mandi Gobindgarh. Listed prices are ex-works (exw), excluding 18% GST.

Weekly average prices

Raipur: Prices in Raipur dropped by INR 1,000/t w-o-w to INR 38,100/t on 17 October 2025 as compared to INR 39,100/t on 10 October 2025.

Mandi: Prices decreased by INR 1,000/t w-o-w in Mandi Gobindgarh to INR 41,000/t on 17 October 2025 against INR 42,000/t last week. Moreover, 1,400 t of patra pipes (41-60 OD) were reportedly booked at INR 40,100-41,200/t levels.

Raw material price trend

HR strip (patra) prices in Raipur fell by INR 900/t w-o-w to INR 37,600/t on 17 October 2025 exw as compared to INR 38,500/t a week ago. Moreover, patra prices in Mandi decreased by INR 1,000/t w-o-w to INR 40,000/t as compared to INR 41,000/t on 10 October 2025.

Billet prices in Raipur stood at INR 34,800/t, down by INR 700/t w-o-w from INR 35,500/t on 10 October 2025. Furthermore, billet prices in Mandi Gobindgarh stood at INR 38,700/t on 17 October 2025, declined by INR 500/t w-o-w as compared to INR 39,200/t last week.

Outlook

In the short term, the Indian ERW patra pipe market may remain slow due to the Diwali festival. Buyers are likely to maintain a cautious stance, limiting stockpiling and keeping trading activity need based. Downward pressure on prices is expected due to weak demand and declining raw material costs.