An increasing number of tubular steel structures have exceeded their design service lives; hence, monitoring of these structures is crucial in preventing any unforeseen failures and corresponding catastrophic consequences - safety or economic. As is well known, vibration-based structural health monitoring (SHM) presents non-destructive methods for damage identification, though their application in corrosion problems appears somewhat limited. Furthermore, majority of the SHM techniques reported in literature deal with prismatic or beam-like members; tubular structures have received less research attention. In this paper, numerical models of a pipe in its intact and corroded conditions are built and analysed using ABAQUS®. Modal parameters extracted from analyses results are utilised to detect, locate and quantify corrosion. A potential indicator “Normalised Displacement Modeshape (NDM)” is introduced and tested alongside existing damage indicators. Results from the employed indicators are compared and the capabilities of each indicator in identification of the investigated corrosion patterns are discussed.