Russia: ChTPZ pipe sales down in H1 2016

In January-June CHTPZ Group pipe companies (Chelyabinsk pipe-rolling and Pervouralsk New Pipe Works) have shipped 865 thousand tons of steel pipes to consumers, down by 19% YoY, or by 206 thousand tons. The decrease is explained by the drop in the large diameter pipes (LDP) demand. This trend is observed at all major Russian manufacturers.…