OAO TMK Announces Production Results for the Fourth Quarter and Fiscal Year of 2012
For the period, the company reported shipped a total of 4,218,000 tonnes of steel pipes to customers, a decrease of 7.5% against 4,232,000 tonnes a year ago. Declining shipments in the welded segment, primarily due to lower sales of large diameter pipe (LDP) in Russia, were largely offset by growth in the Company's seamless pipe business. Shipments of premium connections rose to 613,000 joints in 2012, representing a 29.9% increase over 2011.