Facing severe competition, rising raw material prices, resistance in exports and other difficulties, China's Tianjin Pipe (Group) Corporation has stated that it has nevertheless succeeded in improving its competitiveness, especially by making adjustments to its product mix. The pipe producer reports that in April its steel pipe production ranked No. 1 in the world.
In April, the company's gross industrial output increased by 22.11 percent year on year, its sales revenue increased by 45.8 percent year on year, while its profit and export revenue were the highest among other steelmakers in China. Currently, the producer's large diameter seamless petroleum casing pipe has a 40 percent market share in China, while its products are also sold to many countries overseas.
In the first four months of 2010, the producer's copper product output and sales volume both exceeded 20,000 mt, achieving all-time records.
The company is facing an antidumping review situation and at the same time is exploring new markets to reduce the impact of the unfavorable export situation. In the first four months of this year, when the pipeline exports of other Chinese producers dropped massively, the company's large diameter steel pipe exports increased by 10 percent year on year, while its high-end product sales volume increased by 22.92 percent.