Russia: steel pipe prices to grow

For the last 6 years steel pipes consumption in Russia stabilized on the level of 10 million tons per year. Imports have decreased in the last 2 years, with 400 thousand tons imported in 2015-2016, as opposed to 1 million tons previously. At the same time Russian manufacturers increase exports. In 2016 the volume of…

Russia: PNTZ sends casing pipes to oil deposits

Pervouralsky New Pipe Works (a part of ChTPZ) has delivered 132 tons of casing pipes with the ChT-VC joints to the oil deposits of Orenburg region. According to the customer’s demands the pipes were produced of R110 grade steel. The main consumers of such pipes are Surgutneftegaz, Rosneft, Lukoil, etc. ChT-VC joint was designed and…

Russia: steel pipes consumption to grow

Pipes are among the most important steel products on the Russian market. According to TMK regional sales director Andrei Trofimov, in 2015 pipes accounted for 27.6% of the steel consumption on the local market, as opposed to 11.2% in the world on average. Pipe consumption increase is expected due to the revival of oil and…

Russia: Gazprom cancels pipe purchase

Gazprom has cancelled a tender to buy $194 million worth of large diameter pipes. The tender presupposed 7 lots to be supplied in Q4 2016 – Q1 2017. The pipes were intended for Gazprom Komplektatsia. The tender was to be held on October 19. In mid-August Gazprom held an auction on LDP purchase for the…