The Pipe Metallurgical Company will supply daughter companies of Lukoil with some 18.4 thousand tons of casing pipes with premium TMK UP joints. According to the company statement, TMK will deliver 12 thousand tons of pipes to Lukoil-West Siberia and 6.4 thousand tons to Lukoil-Komi. The pipes of 114-339 mm diameter will feature the GreenWell…
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)
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…
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)
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…
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…
Some 90% of scrap, supplied to TMK companies, is provided by TMK Chermet. Daily over 3 thousand tons of scrap are delivered to Seversk, Volzhsk and Taganrog works. Since the start of the year TMK Chermet has been exceeding the delivery plans by 14% on average. (Ukrainian metal)
The Pipe Metallurgical Company has started manufacturing casing pipes of corrosion-resistant chrome-nickel alloys TMK-S. The first batch of TMK-S pipes has been produced at Tagmet and shipped to Lukoil. The alloy has been developed for pipes used in oil and gas extraction with high content and partial pressure of sulfuretted hydrogen and carbon dioxide. “This…