India’s leading structural steel tube company APL Apollo Tubes Limited announced that it registered a sales volume of 402,729 tonnes in Q3 of 2021-22. The value added product portfolio contributed 65% in Q3 of 2021-22 vs 62% in Q2 of 2021-22 and 60% in Q3 of 2020-21. Sales volume declined QoQ due to1. Channel de-stocking in anticipation of steel price correction2. Extended monsoons which impacted the construction activity3. Sales volume in general segment was impacted due to rise in price gap between primary steel and scrap steel which benefited the unorganized sectorAPL Apollo Tubes said “We are encouraged to see strong sales growth in the heavy structural steel tubes segment which should drive company’s margins going forward. With the commissioning and ramp-up of new Raipur plant, the sales mix would eventually move towards 75% for value added products.”Headquartered at Delhi NCR APL Apollo, with its world-class facilities, widely spread 3-tier distribution network, and over 800 dealers, is leading producers of structural tubes and hollow sections. With a capacity to produce 2.6 Million Tonnes per annum, APL Apollo Tubes Limited is the largest producer of Structural Steel Tubes in India.
India’s leading structural steel tube company APL Apollo Tubes Limited announced that it registered a sales volume of 402,729 tonnes in Q3 of 2021-22. The value added product portfolio contributed 65% in Q3 of 2021-22 vs 62% in Q2 of 2021-22 and 60% in Q3 of 2020-21. Sales volume declined QoQ due to1. Channel de-stocking in anticipation of steel price correction2. Extended monsoons which impacted the construction activity3. Sales volume in general segment was impacted due to rise in price gap between primary steel and scrap steel which benefited the unorganized sectorAPL Apollo Tubes said “We are encouraged to see strong sales growth in the heavy structural steel tubes segment which should drive company’s margins going forward. With the commissioning and ramp-up of new Raipur plant, the sales mix would eventually move towards 75% for value added products.”Headquartered at Delhi NCR APL Apollo, with its world-class facilities, widely spread 3-tier distribution network, and over 800 dealers, is leading producers of structural tubes and hollow sections. With a capacity to produce 2.6 Million Tonnes per annum, APL Apollo Tubes Limited is the largest producer of Structural Steel Tubes in India.
