- Trade activity slows down due to fiscal year-end closing
- Buyers return to market towards weekend for restocking
ERW patra pipe prices (41-60 mm OD) declined w-o-w on 27 March 2026 in both Raipur and Mandi Gobindgarh, driven by a fall in raw material prices, coupled with sluggish downstream demand.
Trade activity across the two regions remained largely need-based amid weak end-user demand for most of the week. Persistent price corrections kept buyers cautious, resulting in a wait-and-watch approach. However, towards the end of the week, buying activity picked up marginally, supported by a gradual rise in enquiries, indicating a short-term improvement in market sentiment.
A source stated, “The slight uptick in demand was largely driven by replenishment requirements. Market activity had slowed earlier due to year-end closing, but as inventories began to deplete, participants resumed restocking, resulting in a modest improvement in enquiries and order inflows.”
On a d-o-d basis, Raipur prices increased by INR 700/t to INR 45,100/t ex-works (exw) on 27 March from INR 44,400/t exw on 26 March 2026. Similarly, prices in Mandi Gobindgarh rose by INR 400/t to INR 46,900/t exw on 27 March, compared with INR 46,500/t exw a day earlier. Listed prices are ex-works and exclude 18% GST.
Weekly price trends
Raipur: Pipe prices in Raipur declined by INR 200/t w-o-w to INR 45,100/t ex-works (exw) on 27 March, compared with INR 45,300/t on 20 March.
Mandi Gobindgarh: Pipe prices in Mandi Gobindgarh declined by INR 400/t w-o-w to INR 46,900/t ex-works (exw) on 27 March, compared with INR 47,300/t a week earlier.
Raw material prices
HR Strip (patra): HR strip (patra) prices in Raipur fell by INR 300/t w-o-w to INR 44,500/t exw on 27 March from INR 44,800/t exw on 20 March. Similarly, patra prices in Mandi Gobindgarh dropped by INR 400/t w-o-w to INR 45,900/t exw, compared with INR 46,300/t a week earlier.
Billet: Billet prices in Raipur declined by INR 600/t w-o-w to INR 40,950/t exw on 27 March, compared with INR 41,550/t in the previous week. Meanwhile, billet prices in Mandi Gobindgarh stood at INR 44,000/t DAP, down by INR 300/t w-o-w from INR 44,300/t on 20 March 2026.
Outlook
ERW patra pipe prices are likely to remain stable with a slight upward inclination in the coming week, supported by improving enquiries, which may translate into sizeable bookings if the momentum sustains. However, the extent and sustainability of any price recovery will largely depend on raw material trends and the pace of improvement in end-user demand.
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