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20 Apr
11:57

TMK sees unchanged Russian Q2 pipe demand

TMK forecasts no change in Russian OCTG and line pipe shipments in the second quarter, while industrial pipe demand in Europe is seen rising slightly as the construction season starts, Kallanish learns from the Russian pipemaker. TMK’s consolidated pipe shipments in Q1 declined -15% on-year to 845,000 tonnes due mainly to weak sales at the North American division. Of these, 312,000t were OCTG, down -27% due to lower welded OCTG sales in North America and c…
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