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TMK Sells 7.4% More Pipes in Q’IV 16

UrBC, Yekaterinburg, January 16, 2017. Pipe Metallurgical Company (TMK) sold 882,000,000 kg of steel pipes to customers in the last quarter of 2016, which was 7.4% more than in the third quarter; the increase was mainly brought about by the increased sales of welded pipes and weldless OCTGs within TMK’s Russian division.

The company sold 3.1% more weldless pipes in Q’IV 16 than in Q’III and reached 633,000,000 kg. Mainly, these were weldless OCTGs and weldless industrial pipes.

Welded pipe sales rose by 20% compared with the third quarter of 2016 and amounted to 249,000,000 kg; mainly, these were welded line pipes.

The company also sold 382,000,000 kg of oil country tubular goods, its key product; this figure exceeds those for the third quarter by 2.2%. Mainly, the company sold more weldless OCTGs.

Since the company sold more premium goods within its American division (as the U.S. pipe market recovered) and Russian O&G companies started focusing more on horizontal drilling, TMK also sold 18% more premium threaded joints than in the third quarter of 2016, that is, 174,000 units.
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