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.....

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