- ERW pipe prices rise INR 300-1,100/t w-o-w
- Distributor demand remains moderate-to-low
Indian electric resistance welded (ERW) pipe (HR-coil based) prices increased by INR 300-1,100/t ($3-11/t) w-o-w across major markets in the week ended 30 September 2026, supported by higher hot-rolled coil (HRC) costs and stronger mill price indications. However, the increase was not accompanied by a similar improvement in distributor-to-dealer level demand, with buyers continuing to purchase mainly for immediate requirements.
Some shortage in Raw materials front was also heard during the week, whereas demand was reported at lower-to moderate side.
HRC prices remain firm
HRC prices remained stable to slightly higher across key markets following recent price increases by domestic mills. BigMint’s bi-weekly benchmark assessment for Mumbai HRC (2.5-8 mm/CTL, IS 2062, Grade E250 BR) remained unchanged w-o-w at INR 63,900/t ex-Mumbai as of 29 September.
Buying activity improved slightly in western and southern markets, where enquiries were stronger, while northern demand remained largely need-based. Availability of thinner gauges was also relatively tight in the north and south, providing additional support to HRC prices.
Market participants expect HRC prices to increase further in the coming week, following higher mill price indications.
Distributor prices move higher
The increase in HRC costs and mill price indications pushed ERW pipe prices higher across key markets.
In Raipur, the weekly average price increased by INR 1,000/t ($10/t) w-o-w to INR 65,900/t ($687/t) on 30 September, from INR 64,900/t ($676/t) a week earlier.
In Pune, the weekly average price rose by INR 300/t ($3/t) w-o-w to INR 67,000/t ($698/t) as on 30 September, compared with INR 66,700/t ($695/t) in the previous week.
Despite the higher prices, buying activity remained subdued. One market participant said, “Demand is not lifting much in line with higher prices.”
A market participant in south India said, “Buyers are not optimistic about continued price increases in the absence of stronger demand, adding that further hikes could keep buyers focused on need-based purchases.”
Producer raises October list prices
Adding to the upward price momentum, a major Indian ERW pipe producer increased its list prices for round pipes by INR 1,500/t ($15/t) across key markets, effective 6 October, compared with its 1 October price list. Revised list prices for base-grade round pipes of 25-125 NB and 2.2-6 mm thickness stand at INR 69,500/t ($722/t) exy-Raipur, excluding 18% GST.
The increase was attributed to higher HRC costs and tighter raw material availability, which have raised production costs. However, demand remained moderate, with buyers largely limiting purchases to immediate requirements.
Outlook
The October price increase by a major producer could encourage other suppliers to follow with higher prices. However, the sustainability of further increases will depend on buyer response, particularly if HRC prices rise again in the coming week.
With distributor demand still subdued, another increase in pipe prices could lead to greater resistance from buyers and reinforce need-based purchasing.
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