ТМК Announces 4Q 2012 and FY2012 Operational Results
ТМК Announces 4Q 2012 and FY2012 Operational Results (287.56 KB,pdf)
4Q 2012 and FY 2012 Highlights
TMK shipped a total of 4,218 thousand tonnes of steel pipe to customers in 2012, that stands almost on a par with the prior year when the Company demonstrated record-high shipments. Declining shipments in the welded segment, primarily due to lower sales of large diameter pipe (LDP) in Russia, were largely offset by growth in the Company’s seamless pipe business. Shipments in the fourth quarter of 2012 grew by 2.9% quarter-on-quarter.
Seamless pipe shipments grew by 5.3% year-on-year to 2,497 thousand tonnes for fiscal 2012. Quarter-on-quarter growth was 5.9%.
Welded pipe shipments fell by 7.5% year-on-year to 1,722 thousand tonnes largely driven by a fall in demand for LDP from Russian consumers throughout the full year 2012. Compared to the third quarter of 2012, fourth quarter shipments were down by 1.2%.
Total shipments of OCTG, TMK’s core product, in 2012 exceeded shipments of 2011 by 9.5% with a 6.1% quarter-on-quarter growth in the fourth quarter of 2012. The share of OCTG in total shipments of the Company rose from 36.9% in 2011 to 40.6% in 2012.
Shipments of premium connections rose to 613 thousand joints in 2012, representing a 29.9% increase over 2011, with a 14% quarteron-quarter decline in the fourth quarter due to falling demand in the U.S.
