24
Apr
14:21
TMK first-quarter shipments fall on lower US sales
Russian-headquartered pipemaker TMK has reduced shipments in the first quarter of 2019 by -2% year-on-year and -4% quarter-on-quarter to 966,000 tonnes, on the back of lower shipments by the American division, the company says.
The -14% on-year fall was due to a temporary slowdown of the North American market in Q1 2019 on lower oil prices and falling rig count. The renewal of Section 232 import quota has also affected domestic US sales, creating …
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Anonymous
Very good overview of the weekly steel market.
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