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21 Oct
12:58

TMK third-quarter shipments fall on weak US market

Russian pipemaker TMK expects the tubular products market to remain challenging in the last quarter of 2019, amid a slowdown of drilling activity affecting pipe demand and pressuring prices. European demand is also expected to remain challenged, but Russian consumption is likely to be stable amid increasing complexity of hydrocarbon projects. This is seen leading to higher demand for high-tech products. TMK's third-quarter shipments decline…
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