ERW patra pipe prices decline w-o-w on softer buying momentum

• Demand remains largely need-based, limiting upside
  
  
• Supply tightness keeps market sentiment cautiously optimistic
  
  

ERW patra pipe prices (41-60 mm OD) declined w-o-w across key markets in the week ended 26 June 2026, as weaker buying momentum compared with the previous week exerted downward pressure on prices.

However, d-o-d, prices showed mixed trends across regions. In Raipur, ERW patra pipe prices edged up by INR 100/t to INR 45,300/t exw on 26 June from INR 45,200/t exw on 25 June. In contrast, prices in Mandi Gobindgarh declined by INR 100/t to INR 47,300/t exw from INR 47,400/t exw a day earlier. Listed prices are exw and exclude 18% GST.

Weekly price trends

Raipur: ERW patra pipe prices in Raipur edged down by INR 100/t w-o-w to INR 45,300/t exw on 26 June from INR 45,400/t a week earlier.

A Raipur-based manufacturer said, "Material availability for certain sizes continues to remain tight, while demand is largely need-based. Supply-side constraints provide underlying support to the market, limiting price fluctuations to a narrow range of around INR 100-200/t."

Another regional source noted, "Prices are expected to remain largely stable in the coming days, with tight supply continuing to provide underlying support and limiting any meaningful downside. At the same time, unless demand improves meaningfully, the scope for any substantial upside is also likely to remain limited, keeping the overall market direction largely stable."

Mandi Gobindgarh: ERW patra pipe prices in Mandi Gobindgarh fell by INR 500/t w-o-w to INR 47,300/t exw on 26 June from INR 47,800/t a week earlier.

A Mandi-based manufacturer said, "Scrap availability has improved compared to the previous week. However, the availability of ready pipes and HR strip (patra) in certain sizes remains constrained, which continues to provide underlying support to prices, despite largely need-based demand conditions."

Another regional source said, "While buying interest was adequate to sustain current production levels, supported by constrained availability of ready material in certain sizes, it lacked the momentum needed to drive a sustained upward movement in prices."

Another source indicated that while buying interest was adequate to sustain current production levels, supported by constrained availability of ready material of certain sizes, it lacked the momentum needed to drive a sustained upward movement in prices. Moreover, unless demand improves meaningfully, the billet-to-HR strip (patra) conversion spread, currently around INR 3,500/t, is likely to widen further, which could increase overall production costs and thereby weigh on margins.

Raw material prices

HR strip (patra): HR Strip (patra) prices in Raipur remained stable w-o-w at around INR 44,500/t exw on 26 June. In contrast, patra prices in Mandi Gobindgarh declined by INR 500/t w-o-w to INR 46,300/t exw on 26 June from INR 46,800/t a week earlier.

Billet: Billet prices in Raipur fell by INR 200/t w-o-w to INR 38,750/t exw on 26 June from INR 38,950/t a week earlier. Meanwhile, billet prices in Mandi Gobindgarh remained unchanged w-o-w at around INR 42,900/t DAP on 26 June.

Outlook

ERW patra pipe prices are expected to remain largely stable in the coming days, with a mild upward bias supported primarily by tight availability of ready pipes and select HR strip (patra) sizes rather than any meaningful improvement in demand. Buying activity continues to remain need-based, which is likely to limit any significant price recovery.

At the same time, constrained supply conditions are expected to prevent any sharp downside risk, keeping overall price movement steady. However, the overall price direction will largely depend on whether demand improves from current levels or continues to remain need-driven, along with movements in raw material prices.