Code comments are significantly helpful in comprehending software programs and also aid developers to save a great deal of time in software maintenance. Code comment generation aims to automatically predict comments in natural language given a code snippet. Several works investigate the effect of integrating external knowledge on the quality of generated comments. In this study, we propose a solution, namely APIContext2Com, to improve the effectiveness of generated comments by incorporating the pre-defined Application Programming Interface (API) context. The API context includes the definition and description of the pre-defined APIs that are used within the code snippets. As the detailed API information expresses the functionality of a code snippet, it can be helpful in better generating the code summary. We introduce a seq-2-seq encoder-decoder neural network model with different sets of multiple encoders to effectively transform distinct inputs into target comments. A ranking mechanism is also developed to exclude non-informative APIs, so that we can filter out unrelated APIs. We evaluate our approach using the Java dataset from CodeSearchNet. The findings reveal that the proposed model improves the best baseline by 1.88 (8.24%), 2.16 (17.58%), 1.38 (18.3%), 0.73 (14.17%), 1.58 (14.98 %) and 1.9 (6.92 %) for BLEU1, BLEU2, BLEU3, BLEU4, METEOR, ROUGE-L, respectively. Human evaluation and ablation studies confirm the quality of the generated comments and the effect of architecture and ranking APIs.