The Russian steel pipe maker TMK expected that the demand for steel pipes from oil and gas will be strong in 2013, especially the demand for oil country tubular goods (OCTG), large-diameter pipes and line pipes, driven by the oil and gas activity and pipeline construction.
Meanwhile, TMK posted revenues of RMB1.7 billion for the first quarter of this year, rising by 4% year on year and increasing by 6% quarter on quarter.
In the given period of time, the company’s net incomes totaled US$85 million, decreasing by 19% year on year but jumping by 170% from a quarter ago, boosted by higher sales of large-diameter pipes and welded line pipes.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64743&division=A4
