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…