ChTPZ Group Sells 865,000,000 kg of Pipes

15 August 2016 (13:38)

UrBC, Yekaterinburg, August 15, 2016. ChTPZ Group’s Chelyabinsk Tube Rolling Plant and Pervouralsk New Pipe Plant delivered 865,000,000 kg of pipes to their customers in the first half of the year, the company press service reports.

This is, in fact, 19%, or 206,000,000 kg less than one year earlier; the decrease has to do with declining demand for large-diameter pipes (one of the Group’s key product). This has been a trend typical of all the Russian manufacturers.

The Group shipped 356,000,000 kg of welded pipes to their customers in January-June 2016, including 323,000,000 kg of LDPs. This is, respectively, 34% and 37% less than one year earlier. Accordion to the company press service, the drop was brought about by the postponed launches of Gazprom’s Power of Siberia and Nord Stream and by Transneft buying fewer LDPs for its pipeline operation and maintenance needs.

The company also sold 509,000,000 kg of weldless pipes in the six months of the year, which was 4% less than one year earlier; this is all in keeping with the current market trends. At the same time, OCTG shipments rose by 6% and amounted to 180,000,000 kg because more oil production and sample boring operations were performed in Russia in the given period than earlier.

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