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13 Mar
17:18

TMK sees Q2 pipe price increase

TMK says higher raw materials prices in the first quarter could have a negative impact on the performance of its Russian division, but this should be offset by a further pipe price increase in Q2. Russian seamless oil and gas pipe consumption is seen remaining strong in 2017 despite planned production cuts by domestic oil and gas companies. However, large-diameter pipe (LDP) consumption will decline due to the completion or rescheduling of a number of major…
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