India: ERW patra pipe prices rise w-o-w on improved trades in key markets

• Post-festive demand recovery supports ERW  pipe prices 
• Soaring raw material costs drive prices in major markets

In India, ERW patra pipe (41-60 OD) prices rose w-o-w in both Raipur and Mandi Gobindgarh on improved trade activities fuelled by strong demand for finished steel post-Diwali and rising raw material costs. Prices saw an increase d-o-d by INR 800/tonne (t) in Raipur and INR 300/t in Mandi Gobindgarh on 31 October 2025.

Current prices are INR 38,500/t at Raipur and INR 40,800/t in Mandi Gobindgarh. Listed prices are ex-works (exw), excluding 18% GST.

Weekly prices

Raipur: Prices increased by INR 900/t w-o-w to INR 38,500/t exw-Raipur as compared to INR 37,600/t on 24 October. Market activity began on a sluggish note due to the Chhath Puja festival. This slow start was marked by subdued demand after the Diwali festival. Post-holidays, however, a strong resurgence in demand was recorded which partly led to the price recovery.

Mandi: Prices remained stable w-o-w at INR 40,800/t exw-Mandi on 31 October. Trades of approximately 2,000 t were recorded in patra-based pipes this week. The upturn in prices and demand marks a recovery following a significant slump last week during which mills concentrated on recouping their losses.

Raw material price trend

Prices of key raw materials such as hot-rolled strip (patra) and billets increased significantly in both Raipur and Mandi compared to last week.

HR strip (patra) prices in Raipur rose sharply by INR 1,300/t w-o-w to INR 38,200/t exw-Raipur on 31 October, as compared to INR 36,900/t last week. Similarly, patra prices in Mandi rose by INR 800/t w-o-w to INR 40,100/t exw-Mandi against INR 39,300/t previous week.

Billet prices in Raipur increased by INR 1,050/t w-o-w on INR 35,550/t exw as compared to INR 34,500/t on 24 October. Similarly, billet prices in Mandi also went up by INR 450/t w-o-w to INR 38,650/t exw from INR 38,200/t a week ago.

Outlook

ERW patra pipe pipes have witnessed a significant w-o-w increase due to the surge in costs of key raw materials, specifically hot-rolled strip (patra) and billets, in both the Raipur and Mandi markets. Demand is likely to stay volatile, swayed by supply chains, and market sentiment in the near term.