TMK forecasts growth in the pipe market in H2

TMK forecasts the growth in the Russian pipe market in H2. It will be due to the demand rise for large diameter pipes after the launch of the “Power of Siberia” project of Gazprom.

Concerning the USA, TMK expects the prices for a number of raw materials to be contributing to the active growth of the rise drilling works until the end of 2014. As a result of the positive decision by the antidumping investigation on the restriction of OTGC pipes imports to the USA from a number of countries, the level of imports and reserves will gradually fall that will positively influence on the prices.

No significant changes in the situation in the European pipe market in H2 2014 are expected.

In general, in H2 2014 TMK expects the improvement of results of its activity due to the growth of sales in the large diameter pipes segment, price rise for seamless products in Russia on the background of stable prices for raw materials as well as gradual recovery of the American market.