India: APL Apollo slashes pipe prices by INR 2,000/t ($27)
The country's leading branded structural steel tubes manufacturer, APL Apollo Tubes Limited has reduced pipe prices by INR 2,000/t($27) to INR 69,000/t ($975/t), FoR Chhattisgarh, effective from 19 Jun '21for June deliveries. This is the first price reduction announced by the company this month. Meanwhile, the current offer for base grade (25-125 NB, 2.2-6 mm thickness) is at INR 71,250/t, exy-Mumbai, and INR 70,000/t, exy-Delhi. The company has cut pipe prices owing to low sales.