The country’s leading branded structural steel tubes manufacturer, APL Apollo Tubes Limited, has increased pipe prices by INR 2,500/t to INR 71,500/t ($980/t), FoR Chhattisgarh, effective from 21 May ’21. This is the third hike announced by the company this month. Meanwhile, the current offer for base grade (25-125 NB, 2.2-6 mm thickness) is at INR 73,750/t, exy-Mumbai, and INR 72,500/t, exy-Delhi. The company has raised pipe prices following a hike in raw material costs and limited supply.
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