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TMK announces 2018 Outlook

Steel News - Published on Fri, 20 Jul 2018

Image Source: SteelGuru
TMK reiterates its previous outlook for the remainder of 2018 and expects demand for OCTG in Russia to remain strong in 2018, supported by stable drilling activity and high oil prices. Demand for LDP in 2018 is not expected to fall below 2017 levels.

The North American pipe market has seen continued improvement due to sustained consumption of OCTG and energy related products, buoyed by what we believe to be a fundamentally strong oil price environment, supporting continued capital investment by energy producers.

In Europe, TMK expects shipments of seamless pipe to increase. This is in part due to the launch of a new heat treatment facility at TMK-ARTROM, which will increase the division’s offering of premium pipe as a share of the sales mix.

Overall, the Group expects pipe shipments to increase in 2018 compared to 2017, building a foundation for TMK’s stronger financial performance throughout 2018 as the company guided before.

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Posted By : Amom Remju on Fri, 20 Jul 2018
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