Russia: steel pipes consumption to grow

Pipes are among the most important steel products on the Russian market. According to TMK regional sales director Andrei Trofimov, in 2015 pipes accounted for 27.6% of the steel consumption on the local market, as opposed to 11.2% in the world on average. Pipe consumption increase is expected due to the revival of oil and…

Russia: Gazprom cancels pipe purchase

Gazprom has cancelled a tender to buy $194 million worth of large diameter pipes. The tender presupposed 7 lots to be supplied in Q4 2016 – Q1 2017. The pipes were intended for Gazprom Komplektatsia. The tender was to be held on October 19. In mid-August Gazprom held an auction on LDP purchase for the…