India: Major ERW pipe manufacturer releases list prices for early-Jan’26 sales

• Average pipe prices at distribution channel rise m-o-m in Jan’26
• Trade prices rise but cautious buying prevails due to average demand

A major Indian ERW pipe manufacturer, specialising in hot-rolled coil (HRC)-based products, has released list prices of its base-grade pipes (25-125 NB, 2.2-6 mm) for early-January 2026 sales, sources informed BigMint.

Post-revision, list prices are at INR 51,000/t ($567/t) exy-Raipur, INR 55,000/t ($611/t) exy-Pune, and INR 55,000/t ($611/t) exy-Delhi, excluding 18% GST. These revised prices are effective from 1 January 2026.

Meanwhile, distributor-level monthly average prices of ERW pipes in Raipur climbed by INR 2,100/t ($23/t) m-o-m to INR 53,000/t ($589/t) exy in January compared to INR 50,900/t ($566/t) in December.

Overall, moderate demand and slow trading activity have been reported. Market participants cited an absence of strong demand. However, one distributor from the western region noted: “Prices in the trade market increased by INR 2,000-2,500/t during this week”.

Despite this uptick, market activity remained range-bound, with buyers cautiously monitoring price trends.

Trade-level HRC offers edge up

M-o-m, trade-level HRC prices saw a steep rise of INR 3,900/t ($43/t) to INR 51,000/t ($566/t) in January compared with INR 47,100/t ($523/t) in December.

India’s HRC trade markets continued to move decisively higher, with sentiment increasingly tilting in favour of further price hikes. Market participants said recent mill price hikes announced last month have been largely absorbed, encouraging mills to go for further hikes.

Outlook

ERW pipe prices are expected to see only limited upside in the near term, constrained by subdued demand and moderate market sentiment. However, the recent price increases announced by mills have lifted sentiment and an overall sense of optimism prevails.