Tata Tubes to raise ERW pipe prices by INR 2,000-3,000/t next week – Sources

Major ERW pipe manufacturer, Tata Tubes, plans to raise its list prices by INR 2,000-3,000/t ($26-39/t) for Apr’22 dispatches on account of further hikes in hot-rolled coil prices, sources informed SteelMint. Current price levels for April deliveries are at around INR 81,000/t ($1,062/t) ex-Jharkhand. SteelMint reported ERW pipe prices at INR 77,000/t ($1,010/t) ex-Jharkhand in March. Prices exclude GST.