Tata Tubes has reduced its list prices by around INR 2,000/t ($24/t) for early-Aug’24 sales. Post-revision, effective prices for base grade ERW pipes (25-125 NB, 2.2-6 mm thickness) stand at INR 62,500/t ($745/t) ex-Jharkhand, excluding GST at 18%. Prices dropped amid declining raw material prices, softening demand and aggressive pricing from major ERW pipe competitors.
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