Russia: TMK happy about Trump’s steel duties

Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…

Russia: TMK to buy graphitized electrodes from Energoprom

Industrial group Energoprom has signed a contract with oil and gas pipe producer TMK to sell graphitized electrodes in 2018-2022, Energoprom said in a statement on March 7 without disclosing other details of the contract.

Sales of Energoprom will cover up to 40% of TMK’s demand in graphitized electrodes, the company said. (Prime/Ukrainian metal)

Russia: TMK revenue up in 2017

In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…

Russia: TMK pays off $231 million of Eurobonds

TMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January in the total nominal value of $231 million on January 29. The $500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK…

Russia: TMK pipe sales up in 2017

Russian oil and gas pipe producer TMK increased pipe sales by 10.6%, to 3.806 million tons in 2017, the company said in a statement. “The year was favorable for TMK, as the company raised sales by more than 10%. OCTG pipes were in especially high demand on our major markets, in Russia and in the…

Russia: TMK to produce new pipes for Gazprom

Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…

Russia: TMK CQMS corresponding to international standards

TMK has successfully passed the re-certification audit of the corporate quality management system for the compliance with ISO 9001:2015.

The audit has been carried out by Lloyd’s Register.

The corporative certificate for the correspondence of the TMK quality management system to ISO 9001:2015 has been granted for the next 3-year period. (Ukrainian metal)

Russia: TMK to increase pipes sales

In 2017 TMK intends to sell 3.8 million tons of pipes and in 2018 – 4.3 million tons.

According to the company first deputy CEO Vyacheslav Popov, last year TMK sold 3.5 million tons of pipes. (Ukrainian metal)

Russia: S&P improves TMK rating

S&P Global Ratings has improved the TMK rating to the Stable. The agency has also confirmed the company long-term ratings in foreign and local currency on the level of B+. “The Stable forecast shows our expectation of the company to continue making efforts to decrease the share of loan funds”, the agency said. According to…

Russia: TMK presents new strategy till 2027

PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, presented its new ten-year strategy to 2027 and an update on performance at its 5th annual Capital Markets Day in London. The new strategy will reinforce TMK’s position as a leading supplier to the global OCTG market, the…

Russia: TMK sees US demand doubling in 2017

Russian oil and gas pipe maker TMK expects that the U.S.’ demand for the company’s products will double to around 5 million tons in 2017, Sergei Alekseyev, director for global marketing, reported. “Thanks to the U.S. market recovery demand will be about twice as high as in 2016 and will amount to around 5 million…

Russia: TMK sales up in January-September 2017

In January-September TMK sold 2.56 million tons of pipes, up by 10.3% YoY.

According to the company report, in particular, it sold almost 2 million tons of seamless pipes, up by 13.1% YoY, and 625 thousand tons of welded pipes, up by 4.1% YoY. (Ukrainian metal)

Russia: TMK pipes sales up in Q3 2017

In July-September TMK sold 1.013 million tons of steel pipes, up by 5% QoQ. Sales of seamless pipes dropped by 5.3%, to 651 thousand tons because of the scheduled repairs. OCTG pipes sales remained on the level of the previous quarter. Welded pipes deliveries increased by 30.7% QoQ, to 362 thousand tons mostly because of…

Russia: TMK supplies compressor-pump pipes with TMK UP PF joints to Surgutneftegaz

TMK has for the first time supplied its compressor-pump pipes with the premium TMK UP PF joints to Surgutneftegaz.

The first batch of pipes has been successfully installed at the Dunaevskoye deposits.

TMK share on the Russian market of premium joints in 2016 was 76%. (Ukrainian metal)

Russia: TMK works get InterGazCert certificates

4 works of the Russian Pipe Metallurgical Company have received quality management certificates in Gazprom’s voluntary certification system InterGazCert. In particular, the certificates have been granted to Volzhsk, Seversk and Sinarsky Pipe Works as well as Taganrog Iron and Steel Works. The certificates confirm the works’ quality management systems correspondence to Gazprom standards, the ability…

Russia: TMK earnings up in Q2 2017

In Q2 TMK received $1.07 billion, up by 17% QoQ, with H1 earnings up by 27% YoY, to $2.05 billion. According to the company statement, its corrected EBITDA in Q2 totaled $134 million, down by 6% QoQ, and $275 million in H1, up by 2% YoY. Net losses in Q2 constituted $19 million, with net…