India: ERW patra pipe prices show mixed trends w-o-w

• Guru Nanak Jayanti leads to need-based buying
• Declining raw material costs drag prices lower

In India, ERW patra pipe (41-60 OD) prices showed mixed trends w-o-w, falling in Raipur and increasing in Mandi Gobindgarh. Price movements were largely influenced by slow demand, with only need-based buying seen in key markets amid the Guru Nanak Jayanti festival.

Prices were at INR 38,100/tonne (t) at Raipur and INR 41,000/t in Mandi Gobindgarh on 7 November 2025, stable d-o-d. Listed prices are ex-works (exw), excluding 18% GST.

Price assessments (w-o-w) – ERW patra pipes

Raipur: Prices dropped by INR 400/t w-o-w to INR 38,100/t exw-Raipur on 7 November 2025 as compared to INR 38,500/t on 31 October. Trading remained sluggish, as buyers focused only on essential, need-based purchases. Deals for about 800 t were recorded in patra-based pipes this week.

Mandi: Prices increased by INR 200/t w-o-w to INR 41,000/t exw-Mandi against 40,800/t on 31 October. Trades for approximately 500 t were recorded in patra-based pipes this week. However, demand in the region was slow ahead of Guru Nanak Jayanti in the region.

Raw material price trend

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

HR strip (patra) prices in Raipur decreased by INR 700/t w-o-w to INR 37,500/t exw-Raipur on 7 November against INR 38,200/t a week ago. Moreover, patra prices in Mandi dropped by INR 200/t to INR 39,900/t exw-Mandi from INR 40,100/t on 31 October.

Billet prices in Raipur dropped by INR 750/t w-o-w to INR 34,800/t exw-Raipur as compared to INR 35,550/t on 31 October. Similarly, billet prices in Mandi Gobindgarh edged down by INR 150/t to INR 38,500/t exw-Mandi Gobindgarh from INR 38,650/t in the previous week.

Outlook

The market is likely to experience continued pressure on prices due to weak demand and declining raw material costs, leading to a cautious outlook. Trading activity is expected to remain subdued, with buyers adopting a wait-and-watch approach, influencing overall market sentiment.