ChTPZ Group’s pipe shipments down 19 percent in H1

Monday, 15 August 2016 15:20:50 (GMT+3)   |   Istanbul
       

Russia-based steel pipe producer ChTPZ Group has announced that in the first six months of the current year its subsidiaries Chelyabinsk Pipe-Rolling Plant (ChelPipe) and Pervouralsk New Pipe Plant shipped a total of 865,000 mt of pipes, down 19 percent compared to the same period of 2015, due to the reduced demand for large diameter (LD) pipes. 
 
In the first half of this year, ChTPZ Group shipped 356,000 mt of welded pipes, down 34 percent year on year, including 323,000 mt of large diameter pipes (LDP), decreasing by 37 percent compared to the first half of 2015. In the first six months this year, ChTPZ Group’s seamless pipe shipments declined by four percent year on year to 509,000 mt, while its oil country tubular goods (OCTG) shipments amounted to 180,000 mt, up six percent year on year thanks to the increase in oil production and exploration drilling in Russia.

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