India: APL Apollo further raises pipe prices by INR 1,500/t ($21) in Mar '21
India's leading branded structural steel tubes producer-APL Apollo Tubes Limited, has increased pipe price by INR 1,500/t to INR 57,500/t ($790) FoR in Chhattisgarh, effective from today. This is the second price hike made by the company in Mar '21. Meanwhile, the current offer for the base grade (25-125 NB, 2.2-6 mm thickness) stands at INR 59,750/t (exy-Mumbai) and INR 58,500/t (exy-Delhi). The company has raised pipe prices following a hike in raw material costs and limited supply.