MS (Mild Steel) Pipe Price Trends and Forecast Report 2025 Edition

The Expert Market Research pricing report on MS Pipe provides insights into the top 10 leading trading countries and regions.

In 2024, Mild Steel (MS) pipe price trends fluctuated with global trade policies, shifting industrial trends, and global supply all impacting the prices. Major markets such as North America, Asia-Pacific, and Europe observed price changes, indicating the impact of the global business environment and dynamic economic climate. Global steel prices, including MS pipes, are expected to decline through Q1 and mid-2025 due to oversupply, weak demand (especially from China’s property sector), and a surge in Chinese steel exports. Additionally, reduced global capacity utilisation has intensified downward pressure on prices.

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In late 2024, MS pipe prices saw fluctuations across different regions with changes in the prices of mild steel. These were caused by changes in trade restrictions, shifts in global demand, and setbacks in steel production. Declining industrial demand for steel also affected the market. Price changes were also influenced by the rising costs of coal and iron ore, which are significant raw materials employed in the production of steel. Broader macroeconomic factors affecting MS pipe price forecast, such as global supply chain problems, trade policy, and inflation further impacted pricing dynamics.

MS Pipe Price Forecast

In 2024, the prices of MS pipes fluctuated because of changes in the market outlook. In Europe, the cost of mild steel (which is used to make MS pipes) reached its highest point in February. After which the prices gradually returned to what they were at the start of the year. This pattern influenced the overall cost of MS pipes in the region. In late 2024, an increase in raw material prices followed by market uncertainty in Europe led to a price surge in MS Pipes. The announcement of China’s trade policies and rising costs of metallurgical materials also affected price trends during this time. While the USA and Europe saw price drops, a slight price increase was seen in China.

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Looking ahead to 2025, price recovery of MS pipes is expected in some regions. In the US, steel demand is likely to grow with a rise in construction spending, driven by lower interest rates. This rise in demand would likely push prices for products like MS pipes higher. In China, both steel production and consumption are expected to grow. Despite concerns about overproduction in China, its impact on the MS pipe market is expected to be less significant.

Global Trade and Supply Chain Implications

Global MS (Mild Steel) pipe prices have been significantly influenced by key international trade policies and regulatory changes that have reshaped market dynamics and affected trade volumes. The relaxation or imposition of tariffs, anti-dumping duties, and shifting bilateral trade agreements have created uncertainties in global trade flows, directly impacting the pricing and availability of MS pipes. At the same time, increased production capacity across various countries, along with substantial investments in new manufacturing facilities and expansions of existing ones, have contributed to an oversupply in the market. This rising supply has exerted downward pressure on prices, especially in regions where demand growth has not kept pace with output.

Geopolitical developments in key manufacturing regions have further intensified market pressures. For instance, China's sharp increase in steel exports has driven down global steel prices, creating a highly competitive environment that challenges domestic producers in markets such as Europe and Australia. These countries face difficulties in maintaining profitability amidst cheaper imported alternatives. Meanwhile, the United States' continued reliance on Chinese steel has disrupted traditional trade patterns and introduced greater volatility in MS pipe pricing analysis. This complex interplay of oversupply, geopolitical influence, and shifting trade alliances continues to shape the competitive landscape of the global MS pipe industry.

Feedstock Analysis

The change in prices of iron ore and coking coal impacts the prices of mild steel pipes. As raw material is needed for steel manufacturing, changes in the price of iron ore affect the manufacturing cost of MS products.

Iron ore prices in 2024 saw fluctuation owing to changes caused due to shifts in worldwide demand and supply chain disruptions. Meanwhile, coking coal prices fluctuated owing to changes in international trade policy due to political instability and supply shortages. Both the increase in iron ore and coal prices directly fuelled MS pipe production costs. Shortages in supplies and regulations, such as China's export bans, have further impacted the availability and price of MS pipes. The increased dependence on scrap steel for production has also seen a rise in demand, resulting in MS pipe price fluctuations.

Demand and Supply Outlook for MS Pipe

In 2025, MS pipe is expected to see moderate price growth and movements, as the industry is expected to benefit from global fiscal policies and monetary measures aimed at stabilising market conditions.  The expansion of industries like construction, water management, and chemicals could lead to heightened demand because increased urbanisation and population growth are among the main factors driving the rising demand for MS pipes. Econometric market analysis also suggests that the demand for steel pipes would also increase due to the need for additional infrastructure and the rapid development of cities. Furthermore, technological advancements would increase production efficiency and provide affordable solutions that would fuel market expansion. On the other hand, volatile raw material prices, more stringent environmental laws, and geopolitical events would affect pricing patterns and demand forecast.

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