ERW patra pipe prices surge amid rising input costs

• HR strip and billet prices inch up w-o-w
• Trade activity remained limited to need based buying

ERW patra pipe prices (41-60 OD) rose in Raipur and Mandi Gobindgarh in the week ended 2 January. While, demand improved in the middle of the week, buyers were cautious due to rising prices, capping real demand.

“Despite rising prices, trade levels remained subdued. This suggests a period of price resistance; however, a recovery in sales volume is expected as the market integrates these new price points,” a source told BigMint. Another source noted that, “the price trend is positive, however, buyers are cautiously opting for need based buying”.

Prices in Raipur increased by INR 300/t d-o-d to INR 43,600/t exw-Raipur on 2 January 2026 as compared to INR 43,300/t a day ago. Moreover, prices in Mandi stood at INR 46,000/t exw-Mandi Gobindgarh, up by INR 500/t d-o-d against INR 45,500/t a day ago. Listed prices are exw and excluding 18% GST.

Weekly price trends

Both Raipur and Mandi Gobindgarh reported a price rise this week.

Raipur: Prices rose sharply by INR 3,200/t w-o-w to INR 43,600/t exw-Raipur as compared to INR 40,400/t on 26 December 2025. The trade activities in the region were recorded at around 1,000 t, reflecting need-based buying.

Mandi: Prices increased by INR 3,600/t w-o-w to INR 46,000/t exw-Mandi Gobindgarh on 2 January 2026 from INR 42,400/t last week.

Raw materials prices

HR strip (patra): HR strip (patra) prices in Raipur rose by INR 3,300/t w-o-w to INR 43,300/t on 2 January 2026 against INR 40,000/t on 26 December 2025. Furthermore, prices in Mandi Gobindgarh hiked by INR 3,600/t w-o-w to INR 45,000/t exw-Mandi Gobindgarh on 2 January 2026 as compared to INR 41,400/t last week.

Billet: Billet prices in Raipur stood at INR 41,250/t exw-Raipur, sharply up by INR 3,550/t w-o-w against INR 37,700/t a week ago. Additionally, billet prices in Mandi increased by INR 2,500/t w-o-w to INR 43,500/t exw-Mandi Gobindgarh as compared to INR 41,000/t previous week.

Outlook

We expect ERW patra pipe prices to remain bullish in the short-term, driven by rising raw material costs. While high prices currently trigger buyer resistance and need-based purchasing, demand is expected to stabilise as the market adjusts to these higher price levels.