The first and the main manufacturing site of the Engels Pipe Works (ETZ) has been sold to the Engels Pipe-Rolling Works (ETPZ) for 104.8 million rubles. ETPZ also purchased the right to claim receivables. The right for 444.8 million rubles was purchased for the mere 9.1 million rubles. It should be noted that the ETPZ…
In February the Pipe Works named after Makarov (Profil-Akras) produced 5500 tons of pipes. Deliveries to the local market reached 5700 tons, while exports stood at 2 thousand tons. The company continues preparing for the start of the season, and March will see some scheduled repairs to ensure stable operation in summer. (Ukrainian metal)
In 2016 investments of the major Russian pipe manufacturers in the modernization exceeded 21 billion rubles. According to the Foundation on pipe industry development, TMK invested over 10 billion rubles into the program to improve premium pipe quality and increase capacities. The United Metallurgical Company (OMK) invested 6 billion rubles into new products. Chelyabinsk Pipe…
In 2016 Russia produced 10.3 million tons of steel pipes, down by 9% YoY. According to the Fund on development of pipe industry, consumption dropped by 10%, to 9.7 million tons. The main reason is the decrease in demand for large diameter pipes. Last year it decreased by 35% YoY, to 2.14 million tons. On…
According to the National Statistics Department of Georgia, in January the trade turnover with Turkey, the second largest trade partner of the country, reached $85.93 million, with exports at $15.93 million, up by 77.4%, and imports at $70 million, down by 5.3%, both YoY. In particular, steel pipes imports from Turkey totaled 3163 tons valued…
In 2016 the segment of shaped tubes reached 2.4 million tons (2.3 million tons in 2015), water and gas pipeline pipes dropped to 325 thousand tons from 370 thousand tons, electric-welded pipes – 925 thousand tons (980 thousand tons). Shares of the major pipe producers in 2016 also changed: Severstal dropped from 29% in 2015…
In 2016 Russia imported 478 thousand tons of steel pipes, up by 17% YoY. According to the Federal Customs Service, far foreign countries supplied 190 thousand tons of pipes, down from 201 thousand tons in 2015. Steel pipes imports from CIS increased from 206 thousand tons to 288 thousand tons. On the whole metal imports…
According to the National Statistic Service of Georgia, in 2016 the trade turnover with Turkey, the second largest trade partner of Georgia, reached $1.52 billion, with exports at $173.56 million, down by 7.1% YoY, and imports at $1.35 billion, up by 1.8% YoY. In 2016 Georgia imported 63588 tons of steel pipes from Turkey valued…