TMK Group | 14 October 2016 г. | 16:45

TMK reduced steel pipes sales

In the nine months of 2016, TMK’s plants shipped 2,558 thousand tonnes of tubular products, down 12.8% y-o-y. This decline was mainly due to lower welded pipe sales.

Seamless pipe shipments were down 1.9% to 1,765 thousand tonnes, primarily due to lower shipments of seamless line pipe in Russia and North America.

Welded pipe shipments were 793 thousand tonnes, down 30.2% y-o-y, due to lower shipments of welded line pipe and welded industrial pipe in the Russian and North American markets as well as LDP.

OCTG shipments fell 6.6% to 1,019 thousand tonnes mainly due to lower shipments of welded OCTG pipe in the American division, in line with the Company’s strategy of reducing the share of low-margin welded products in total shipments.

Shipments of premium threaded connections were down 24.7% y-o-y to 363 thousand joints. The decline was due to relatively low shipments of premium connections in 1H 2016 as complex hydrocarbon exploration and production projects were suspended in Russia and North America.

Source: Metal Suplly and Sale Magazine
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