Price-Watch™ provides price assessments for Mild Steel (MS) Pipe across top trading regions:
Asia Pacific
- MS Pipe, EX Delhi-NCR, India
- MS Pipe, EX Mumbai, India
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
MS Pipe Price Trend Q4 2025
India: MS Pipe, Domestically traded prices, Ex Delhi-NCR, India; Grade – 100 NB
According to Price-Watch™ , Overall, the price trend of MS Pipe in the Indian market experienced a mild level of Bearish pressure throughout the fourth quarter of 2025, this bearish market is expected to continue with the presence of large amounts of supply and cautious purchasing behavior influencing the performance of this market as it heads into early 2026.
The decline in prices of MS Pipe in India of 3.5% in Q4 2025 indicates an overall softening of the longer term steel market within the domestic market, driven by reduced demand for these materials from the construction, infrastructure and fabrication sectors as the year drew to a close, with caution being exercised by buyers on their purchasing policies, as they anticipated additional price reductions in the near future.
The abundance of MS Pipe provided by the integrated steel mills and secondary producers resulted in an adequate amount of supply on the market which provided downward pressure on the price of MS Pipe in India; notwithstanding, the level of production for this material remained stable. Fluctuations to the costs of raw materials, namely scrap and iron ore, have provided limited support to the price of finished steel products, however, stable logistic operations have resulted in dependable material movement throughout regions.
Prices of MS Pipe in India have weakened further in December 2025 (as a result of distributors looking to reduce their inventories and to balance their accounts at the end of the year), and reduced spot market transactions due to a lack of purchasing from contractors and fabricators have also contributed to declining prices.

