TMK's North American operations take a hit
Oct 22, 2012 | 04:55 PM
| Michael Cowden
Tags
TMK,
TMK Ipsco,
operating results,
third quarter,
pipe imports,
pipe shipments,
North America operations,
OCTG
seamless pipe
CHICAGO — OAO TMK’s North American operations are being hurt by imported oil country tubular goods (OCTG) and low natural gas prices, the company said.
The Moscow-based steel tube and pipe producer, which owns Downers Grove, Ill.-based TMK Ipsco, shipped 265,000 tonnes from its North American operations during the third quarter, down 7.5 percent from the same year-ago period. However, 836,000 tonnes were shipped in the first nine months of 2012, up 12 percent year on year.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here