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India: APL Apollo to Increase Pipe Price by INR 1,000/MT for Feb'20

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31 Jan 2020, 18:05 IST
India: APL Apollo to Increase Pipe Price by INR 1,000/MT for Feb'20

APL Apollo Tubes Ltd - one of the largest ERW pipes manufacturers in India has to increase price by INR 1,000/MT (USD 14) and the prices will be applicable from 1st Feb'2020.

The company's offer for Feb'20 are floated at around INR 43,500/MT (USD 610), which was hovering at INR 42,500/MT in Jan'20. The company increased offers twice in the month of Jan'20, first on 8th Jan'20 by INR 1,000 to INR 41,500/MT and further by INR 1,000 to INR 42,500/MT on 17th Jan'20. Prices mentioned are on ex-plant basis in Chhattisgarh, central India.

The reason behind the price hike as cited by official is increase in domestic flat steel prices by INR 1,500-2,000/MT M-o-M.

APL Apollo Tubes Limited is the largest producer of Electric Resistance Welded (ERW) Steel Pipes and Sections in India, with a capacity to produce 2.5 MnT pa. The company has vast distribution network is spread across India, with warehouses and branch offices in 29 cities.

As per assessment, the current offers through the secondary ERW pipe mills are reported at INR 34,600-34,800/MT ex-Raipur (Chhattisgarh), INR 36,800/MT ex-Mandi Gobindgarh & INR 34,500/MT ex-Rourkela (Odisha), excluding of 18% GST.

31 Jan 2020, 18:05 IST

 

 

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