PAO TMK Announces Operational Results for the Fourth Quarter of 2016 and Full Year 2016
January 13, 2017 at 03:22 am
PAO TMK announced its operational results for the fourth quarter of 2016 and full year 2016. The company shipped 882,000 tonnes of steel pipe, up 7.4% quarter on quarter mainly due to an increase in shipments of welded line pipe and seamless OCTG pipe in the Russian division.
In 2016, TMK shipped a total of 3,440,000 tonnes of tubular products, down 11.2% year on year. The decline was mainly due to lower welded pipe sales.