Russia: OCTG pipe market in 2018 to grow

In 2017 Russia witnessed a considerable increase in the consumption of the Oil Country Tubular Goods (casing, drilling and compressor-pump pipes). In particular, consumption grew by 12% YoY, to 2.3 million tons. This year the demand for OCTG pipes will continue growing. The main driver of the demand increase will be the growing length of…

Russia: pipe exports up in H1 2018

In January-June Russia exported 1.45 million tons of pipes valued at $1651 million, up by 53.3% and by 103.4% YoY respectively. Finland imported 27% of pipes, up by 5% YoY. Turkey increased imports 12-fold, to 19.7%. Kazakhstan decreased imports by 4.8% YoY, to 12%. 97% of pipes imported by Turkey and Finland are large diameter…

Russia: used pipes shadow market still large

According to Igor Malyshev, director of the Fund of pipe industry development, the pipe market is still facing the problem of quality dumping, indicated by a growth of faked products sales, in particular, used pipes, which are sold as new under forged documents. The volume of the shadow market is considerable – over 1 million…