TMK’s pipe shipments drop 17.8%

Pipe Metallurgical Company (TMK) shipped 581,000 tons of steel pipes to its consumers in the first quarter of 2009. This is 17.8% less than a year earlier.

‘The decrease in shipments primarily has to do with the market’s shrinking demand; this is particularly true of the industrial pipe market. For one, the domestic market’s volume has decreased by 33% recently,’ the spokesperson for the company explains.

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