- Raipur prices fall INR 1,300/t amid weak demand and limited enquiries
- Mandi Gobindgarh prices drop INR 1,600/t as raw material costs decline
ERW patra pipe prices (41-60 mm OD) declined by INR 1,300-1,600/t week-on-week (w-o-w) across key regions in the week ended 16 October 2026. Prices fell in both markets as demand remained weak, enquiries were limited and raw material costs declined. Buying activity remained largely need-based, with buyers restricting purchases to immediate requirements. Sellers also offered discounts to free up working capital ahead of the upcoming festive season
Similarly, on a day-on-day (d-o-d) basis, patra pipe prices in Raipur fell by INR 300/t to INR 49,200/t exw on 16 October from INR 49,500/t on 15 October. In Mandi Gobindgarh, prices declined by INR 200/t to INR 51,300/t exw on 16 October from INR 51,500/t on 15 October.
Weekly price trends
Raipur: ERW patra pipe prices declined by INR 1,300/t w-o-w to INR 49,200/t exw on 16 October from INR 50,500/t a week earlier. Market enquiries remained on lower side, while buyers continued to procure mainly to meet immediate requirements.
A Raipur-based manufacturer said, “The market is moving towards a downtrend, and the only support for pipe prices is coming from tight billet supply. Prices could fall further. The festive season could also put pressure on margins as labour and transportation costs rise slightly.”
Mandi Gobindgarh: ERW patra pipe prices fell by INR 1,600/t w-o-w to INR 51,300/t exw on 16 October from INR 52,900/t a week earlier. The decline was attributed to lower raw material costs and subdued demand throughout the week. Buyers were also facing cash-flow constraints as the festive season approached.
A Mandi Gobindgarh-based manufacturer said, “Demand for HR Strip (patra) is relatively better, but the pipe demand remains subdued. After more than 10 days of subdued demand, there is still no optimistic outlook for an improvement in the coming weeks.”
Raw material trends|
HR strip (patra): HR strip (patra) prices in Raipur fell by INR 1,400/t w-o-w to INR 48,100/t exw on 16 October from INR 49,500/t a week earlier. In Mandi Gobindgarh, prices declined by INR 1,600/t to INR 50,300/t exw from INR 51,900/t over the same period.
Billet: Billet prices declined in both markets. In Raipur, prices fell by INR 1,100/t w-o-w to INR 44,000/t exw on 16 October from INR 45,100/t a week earlier. In Mandi Gobindgarh, prices decreased by INR 1,700/t to INR 46,200/t DAP from INR 47,900/t a week earlier.
Outlook
ERW patra pipe prices are likely to remain under pressure in the coming days amid subdued demand and declining raw material costs. Moreover Market participants also do not expect a significant recovery in demand over the short term. However, tighter billet supply could provide some support by constraining production and limiting the extent of price declines.
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