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18 Jul
14:41

Russian welded pipe demand lifts TMK second-quarter sales

TMK reported a 10% on-quarter increase in consolidated pipe sales in the second quarter to 1.08 million tonnes, driven by a 19% rise in welded shipments to 359,000t. Seamless pipe sales rose 6% to 716,000t. The welded growth was mainly driven by higher demand for all types of welded pipe in Russia, including large-diameter pipe. Seamless sales were higher due to stable demand for seamless OCTG and seasonal growth of demand for industrial pipe. Within the total, …
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