TMK's Q2 Shipments Rise

By The Moscow Times

July 12, 2011

Steel pipe producer TMK posted a 17 percent increase in shipments in the second quarter as demand from energy producers increased, it said in a statement Tuesday.

TMK shipped 1.09 million tons of pipes in the three months. That compares with 931,000 tons a year earlier.

Shipments of large-diameter pipes declined quarter on quarter as Gazprom and Transneft cut purchases after completing projects, TMK said without giving figures. Shipments rose 34 percent in the first half from a year earlier to 377,000 tons, it said. U.S. unit TMK IPSCO's first-half shipments climbed 16 percent to 479,000 tons, the statement shows.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue