Tata Tubes to reduce ERW pipe prices by INR 2,000/t for Jan’22 – Sources

Major ERW pipe manufacturer, Tata Tubes, is likely to slash list prices by INR 2,000/t ($27/t) for early Jan’22 despatches on account of an expected revision in hot-rolled coil (HRC) prices. Effective price levels for early-Jan deliveries are likely to be around INR 68,000/t ($915/t) ex-Jharkhand, excluding GST at 18%.