TMK Announces 1H 2013 Operational Results
TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, announces its operational results for the first half of 2013.
2Q 2013 and 1H 2013 Highlights:
• TMK shipped a total of 2,140 thousand tonnes of steel pipe to customers in the first half of 2013, up 2% year-on-year. Shipments in the second quarter of 2013 also grew by 2% quarter-on-quarter.
• In the first half of 2013, seamless pipe shipments fell by 1% year-onyear to 1,244 thousand tonnes. Shipments in the second quarter of 2013 also fell by 1% quarter-on-quarter to 619 thousand tonnes.
• Welded pipe shipments rose by 6% year-on-year, reaching 896 thousand tonnes in the first half of 2013 driven, among other factors, by a rising demand for large diameter pipe (LDP) and line pipe from Russian consumers. Second quarter shipments were up by 7% compared to the first quarter of 2013.
• Total shipments of OCTG, TMK’s core product, increased by 1% yearon-year and in the second quarter were up by 7% compared to the previous quarter.
• Shipments of premium connections rose to 370 thousand joints for the first half of 2013, up 22% year-on-year and 26% quarter-on-quarter.
