Trade Resources Economy TMK Shipped 1.058 Million Tons of Steel Pipes in Q1 of This Year,Remaining Flat

TMK Shipped 1.058 Million Tons of Steel Pipes in Q1 of This Year,Remaining Flat

Tags: Steel Pipe, Steel

TMK, one of the major steel pipe producers in Russia shipped 1.058 million tons of steel pipes in the first quarter of this year, remaining flat from a quarter ago. Among them, 625,000 tons were seamless steel pipes, down by 1.2% year on year and falling by 1.9% from a month ago, caused by lower shipments of its subsidiary in the US.

Meanwhile, the shipments of welded steel pipes totaled 433,000 tons, rising by 2.8% year on year and reaming flat from a month earlier. In addition, the shipments of oil country tubular goods (OCTG) totaled 434,000 tons, falling by 2.5% year on year but rising by 3.1% month on month. TMK said that since the Russian oil and gas industry grows rapidly this year, the country’s demand for OCTG and line pipes remains strong. 

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64273&division=A4
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Russian TMK's Steel Pipe Shipments Remain Flat in Q1
Topics: Metallurgy