20
Apr
17:13
TMK foresees continued weakness in US energy market
Russian steel giant TMK sees continued weakness plaguing the American pipe market through at least 2016, largely due to inventory and import pressure in the US, Kallanish learns from the company’s first-quarter review.
TMK’s American division saw a 40.9% quarter-on-quarter dip in total tubular products shipped to 63,000 tonnes.
Seamless pipe shipments dropped 45.6% to 42,000 t, while welded pipe shipments fell 28.9% to 21,000 t. Seamless OCTG ship…
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Anonymous
Very good overview of the weekly steel market.
Anonymous