Russia-based TMK, one of the world's leading oil and gas steel pipe producers, has announced its sales volumes for the first quarter of the current year.
In the first quarter this year, TMK's total pipe sales decreased by three percent year on year to 1.026 million mt due to lower consumption of large diameter pipes (LDP).
In the given period, TMK's seamless pipe sales rose by two percent to 640,000 mt mostly due to higher volumes in the American Division, while seamless OCTG pipe sales increased by 12 percent, both year on year.
In the first quarter, welded pipe sales decreased by 11 percent year on year to 386,000 mt due to lower sales of LDP and welded line pipes.