TMK, Russia's biggest producer of steel pipes for the oil and gas industry, has forecast a 7-10 percent increase in demand in the Russian domestic steel pipe market in 2011, mainly due to the development of oil and gas transportation projects.
According to TMK's CEO Alexander Shiryaev, due to the anticipated growth in the pipe market TMK plans a "significant increase" in its steel pipe output in 2011.
As SteelOrbis previously reported in 2010, TMK saw a 42.2 percent year-on-year increase in its steel pipe shipments to about 3.97 million mt, and in 2011 it expects to further increase its deliveries by 7-10 percent year on year, if the current strong market trends continue to prevail.