TMK: Pipe shipments keep breaking records

20 April 2011 (09:26)

Pipe Metallurgical Company (TMK) came up with a performance report for the first quarter of 2011.

The company shipped to consumers 1.07 million tons of steel pipes, which was 15.4% better than in the first quarter of 2010 and nearly on a level with the record-setting figures of the last quarter of 2010.

In the first three months of 2011, TMK delivered to customers about 108,000 tons of premium tubing joints designed by the company’s Russian (TMK family) and American (ULTRA) branches; this exceeded the figures for the fourth quarter of 2010 by 20.6%. The share of ULTRA-manufactured joints amounted to 72% of all the shipments of this kind.

The company believes North America’s OCTG market is appealing in the long term, as because of the hydrocarbon deposit development getting increasingly more difficult, more premium tubing tends to be used there.

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