[Welspun Corp Secures Record 1.8 Billion USD US Pipe Order]

Published: Aug 25, 2026 17:00

Save

India-based Welspun Corp Limited has secured the largest single order in its history, valued at approximately 1.8 billion USD (172 billion INR), for the supply of pipes from its US manufacturing facility. The order will be executed across FY2028 and FY2029 and is expected to strengthen the company’s multi-year revenue visibility and position in the North American energy-infrastructure market. Following the award, Welspun Corp’s global order book has reached a record 4.4 billion USD (421 billion INR), the highest level in the company’s history.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 mins ago

[SMM Steel] VND Depreciation Lowers USD-Denominated Steel Prices as Peak-Season Demand Expectations Strengthen

[Vietnam] Vietnam’s steel market remained relatively stable, with construction steel prices easing slightly to around 530 USD/tonne EXW as the depreciation of the VND lowered the USD-denominated price, while prices in VND remained largely unchanged. HRC prices stood at approximately 514–521 USD/tonne CFR Ho Chi Minh City due to the same exchange-rate effect. The market could gradually shift from weak demand in late August toward expectations of a recovery during the upcoming peak season, with pre-season inventory restocking ahead of September potentially providing a phased boost to steel prices. Major mills are also expected to announce their new prices this week ahead of the September 2 Independence Day holiday, which could provide a clearer indication of the near-term price direction.

2 mins ago

1 hour ago

[SMM Steel] Indian Steel Market Largely Flat; Regional HRC and Imported Scrap Offers Rise

[India] India’s steel market remained largely stable, with limited movement in domestic HRC and billet prices amid cautious trading. However, offers for regional HRC have increased over the past week. HRC offers into Vietnam were heard at around 530USD/tonne CFR. But buyers were reluctant to accept these levels. Imported scrap indications into India remained firm: West Africa-origin shredded scrap was heard at approximately 390USD/tonne CFR India, UK/EU-origin shredded scrap at around 400USD/tonne CFR India, and UK-origin HMS 1&2 (80:20) at approximately 360-365USD/tonne CFR India. Overall sentiment remained cautious, with firmer raw-material costs supporting seller expectations while steel buyers continued to resist higher offers.

1 hour ago

[SMM Steel] Domestic Steel Prices Rise Amid Tight Supply

[India] India’s domestic steel market saw prices increase across finished steel, semi-finished steel and scrap on Tuesday. Prices were supported by limited material availability, as some mills are under maintenance, while higher raw material costs also added pressure on prices. Buyers remained cautious with purchases but continued to restock as needed keeping the overall market sentiment firm. Mandi Billet prices increased by 2.09USD/tonne(200INR/tonne) to 467.12USD/tonne (44,700INR/tonne) delivered Mandi. Ingot prices rose by 467.12USD/tonne (200INR/tonne) to USD/tonne (44,700INR/tonne) EXW Mandi. Mumbai Rebar prices up by 2.09USD/tonne (200INR/tonne) to 503.70USD/tonne (48,200INR/tonne) EXW Mumbai. Alang 8Ani (12mm) plate prices increased by 3.14USD/tonne(300INR/tonne) to 431.59USD/tonne (41,300INR/tonne) ex-yard Alang. Melting scrap prices up by 4.18USD/tonne (400INR/tonne) to 365.75USD/tonne (35,000INR/tonne) ex-yard Alang. Mandi Gobindgarh HMS 1&2 (80:20) increased by 4.18USD/tonne (400INR/tonne) to 379.34USD/tonne (36,300INR/tonne) delivered Mandi.

1 hour ago