The country’s leading branded structural steel tubes manufacturer-APL Apollo Tubes Limited, has increased pipe price by INR 2,500/t to INR 69,000/t($939/t) FoR Chhattisgarh, effective from today. This is the second hike by the company for May ’21 sales. Meanwhile, the current offer for base grade (25-125 NB, 2.2-6 mm thickness) stands at INR 71,250/t (exy-Mumbai) and INR 70,000/t (exy-Delhi). The company has raised pipe prices following a hike in raw material costs and tight supply.
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