19
Jan
15:20
Increased drilling, costlier oil seen boosting TMK sales
Increased drilling and higher oil prices in Russia will continue to support demand growth for all tubular products except large-diameter pipe (LDP) in 2018, according to TMK. This, coupled with further North American demand growth, will drive up the Russian pipemaker’s sales this year.
In the fourth quarter of 2017 TMK saw consolidated pipe sales fall -2.8% on-quarter to 985,000 tonnes. This was driven by a -15.9% drop in welded pipe shipments to 305,000t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous