IndiaQ1 2025
In the first quarter of 2025, MS Pipe India saw a moderate price increase of $705 per metric ton, Ex-Mumbai reflecting a 0.46% rise. This change aligns with broader market movements, where leading ERW pipe producers in Raipur raised prices due to an uptick in hot-rolled coil (HRC) costs. Despite the price adjustment, the market has remained under pressure from high inventory levels and lukewarm demand, leaving many primary manufacturers with unsold stock. However, the recent release of government funds in states like Rajasthan and Madhya Pradesh is expected to stimulate demand, especially for DI, MS, and ERW pipes, as contractors push to complete pending infrastructure projects. Overall, while the price hike is modest, it may be an early indicator of improving market conditions in the near term.
Q4 2024
In Q4 2024, the Indian MS pipe market saw a significant price drop of $701.79 per metric ton, Ex-Mumbai a decrease of about 1.11%. This decline was mainly due to sluggish demand, elevated inventory levels, and falling raw material costs. Many manufacturers struggled with unsold stock, with inventory levels reportedly 30–40% higher than normal, prompting them to reduce prices in an effort to boost sales. The downward trend in hot-rolled coil prices, a key input material, further added to the pressure on pricing. However, there are signs of potential recovery, with demand expected to pick up as state governments in Rajasthan, Madhya Pradesh, and possibly Maharashtra begin releasing funds. Buyers may find this a favourable time for procurement before a likely price rebound.
Q3 2024
In Q3 2024, the Indian Mild Steel (MS) pipe market faced a notable downturn, with prices decreasing by $709.64 per metric ton, Ex-Mumbai marking a 6% drop. This decline was largely attributed to a surge in cheaper Chinese steel imports, up to 10% lower than domestic rates, which disrupted the market and pressured local producers, especially smaller mills in regions like Punjab. The oversupply, combined with tepid domestic demand, pushed benchmark steel prices, such as Hot Rolled Coil, to a 45-month low of ₹598.27 per tonne. This price compression significantly impacted the profitability of major steel companies, with reduced average selling prices and revenue declines. Although government-driven infrastructure projects and demand from sectors like construction provided some cushion, the overall market sentiment remained cautious, with expectations of a possible recovery in the final quarter of FY25.
Q2 2024
In Q2 2024, the Indian MS (Mild Steel) pipe market saw a price rise of $754.92 per metric ton, Ex-Mumbai marking a 1.75% increase. This upward movement reflects ongoing adjustments in response to stable demand and tightening supply. The price hike is largely supported by growing demand from infrastructure and rural water supply projects such as the Jal Jeevan Mission. With government initiatives boosting consumption, further price firming is likely in the coming months. However, payment delays and liquidity constraints continue to pose challenges, affecting procurement cycles. Buyers and contractors should plan ahead to manage cost risks and maintain project timelines efficiently.
Q1 2024
In the first quarter of 2024, the Indian MS (Mild Steel) pipe market saw a noticeable price drop of $741.97 per metric ton, Ex-Mumbai marking a 4.46% decline. This decrease was largely influenced by weak domestic demand, elevated inventory levels, and a slowdown in government infrastructure spending during the national elections. For example, a leading ERW (Electric Resistance Welded) pipe manufacturer reduced base-grade pipe prices by around $23.37 per ton in early March, reflecting market-wide pressure. Additionally, prices for hot-rolled coil (HRC), a key raw material, fell by approximately $17.53 per ton month-over-month, further weighing on the MS pipe segment. However, signs of recovery are emerging, supported by the release of infrastructure funds in states like Rajasthan and Madhya Pradesh, with expectations of similar moves in Maharashtra, which could help revive demand and stabilize prices.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
MS Pipe (Mild Steel Pipe) is a robust and durable steel product commonly used in a wide range of structural and industrial applications. Known for its strength, toughness, and excellent weldability, MS Pipe is ideal for conveying fluids and gases, as well as for use in construction, fabrication, and engineering projects. It is available in various thicknesses and diameters, making it suitable for diverse uses such as scaffolding, fencing, irrigation systems, support structures, and pipeline networks. Its corrosion resistance (especially when coated or galvanized) and cost-effectiveness make MS Pipe a reliable choice for both commercial and residential purposes.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Material | Mild Steel (Low Carbon Steel) |
| Carbon Content | ≤ 0.25% |
| Tensile Strength | 350 – 550 MPa |
| Yield Strength | ≥ 240 MPa (varies with grade and standard) |
| Elongation | 20% – 25% (depending on standard and thickness) |
| Outer Diameter (OD) | ½ inch to 24 inches (or as per requirement) |
| Wall Thickness | 1.2 mm to 12 mm (or customized) |
Applications
Global Supply Disruptions and Regulatory Factors (2022–2023):
International shipping constraints, container shortages, and regulatory export controls—particularly from key steel-producing nations, created an uneven global supply environment. The restricted availability of MS Pipes led to market instability and price volatility across regions.
Surge in Raw Material and Energy Costs (2022–2023):
Rising prices of steelmaking inputs like iron ore and coking coal, coupled with sharp increases in electricity and fuel costs, significantly raised the manufacturing cost of MS Pipes. These cost pressures were passed along the supply chain, leading to price hikes.
Construction, Water Supply, and Industrial Expansion (2020–2021):
The post-pandemic recovery period saw renewed investments in infrastructure, urban water supply systems, and industrial facilities. MS Pipes, widely used in plumbing, structural, and industrial applications, experienced a demand surge, pushing prices upward.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
MS Pipe (Mild Steel Pipe) is a robust and durable steel product commonly used in a wide range of structural and industrial applications. Known for its strength, toughness, and excellent weldability, MS Pipe is ideal for conveying fluids and gases, as well as for use in construction, fabrication, and engineering projects. It is available in various thicknesses and diameters, making it suitable for diverse uses such as scaffolding, fencing, irrigation systems, support structures, and pipeline networks. Its corrosion resistance (especially when coated or galvanized) and cost-effectiveness make MS Pipe a reliable choice for both commercial and residential purposes.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Material | Mild Steel (Low Carbon Steel) |
| Carbon Content | ≤ 0.25% |
| Tensile Strength | 350 – 550 MPa |
| Yield Strength | ≥ 240 MPa (varies with grade and standard) |
| Elongation | 20% – 25% (depending on standard and thickness) |
| Outer Diameter (OD) | ½ inch to 24 inches (or as per requirement) |
| Wall Thickness | 1.2 mm to 12 mm (or customized) |
Applications
Raw Material Costs – MS (Mild Steel) pipes are manufactured primarily from mild steel or carbon steel. Fluctuations in the prices of steel billets, hot-rolled coils, or scrap steel significantly affect MS pipe pricing.
Supply and Demand – Demand from sectors such as construction, plumbing, agriculture, oil & gas, and industrial fabrication influences pricing. A surge in demand or shortage in supply can lead to price increases, while excess supply or market slowdown typically causes prices to fall.
Manufacturing Costs – Labor charges, fuel prices, electricity, plant maintenance, and technological upgrades impact production costs and thereby influence the market price of MS pipes.
Global Trade Policies & Tariffs – International trade dynamics, including import/export restrictions, duties on steel products, and anti-dumping laws, affect both the availability and price of MS pipes in domestic and global markets.
Market Competition – Prices are also shaped by the level of competition among manufacturers, stockists, and distributors. Aggressive pricing strategies or monopolistic control can impact market rates.
Exchange Rates – Currency exchange fluctuations affect the cost of importing raw materials and exporting finished pipes, influencing prices based on global economic conditions.
Transportation and Logistics Costs – The cost of transporting raw materials to production units and finished products to end-users, especially across long distances, adds to the overall cost of MS pipes.
Government Regulations and Environmental Policies – Compliance with safety norms, pollution control mandates, carbon emission limits, and taxation policies contribute to cost structure and, in turn, affect the final pricing.
The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect MS Pipe production costs and pricing.
MS Pipe prices generally rise with inflation, driven by increased costs of raw materials like steel and energy. Additionally, inflation-related hikes in transportation and labor expenses contribute to the price growth. However, strong demand from sectors such as water supply, construction, oil & gas often helps maintain steady price trends despite economic fluctuations.
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