NEW YORK OAO
TMK, the Russian parent of TMK Ipsco, expects little impact on
import volumes this year as a result of a recently filed trade
case against oil country tubular goods (OCTG) producers from
"Due to the length of
the investigation process, import supply in the second half of
2013 is not expected to be significantly affected by the
submitted petition," the company said in comments accompanying
its second-quarter operational results.
TMK Ipsco is
participating in the case as a domestic producer (
amm.com, July 2).
While import volumes
arent expected to fall, pricing in the North American
market should improve toward the back-end of 2013.
"TMK expects that the
challenging pricing environment, which is likely to have a
significant influence on TMK Ipscos financial results in
the first half of 2013, will be gradually improving in 2013 by
year-end," the company said.
Shipments in the
companys North American division fell 3 percent to
554,000 tonnes during the first half of the year compared with
the same 2012 period, although they improved 11 percent quarter
on quarter due to "targeted market sales of line pipe and
OCTG," the company said.
The North American
natural gas rig count is expected to decline in the second half
of the year "due to seasonal influences," but horizontal and
vertical drilling is expected to support OCTG consumption, it
shipments rose 1.7 percent to 2.14 million tonnes during the
first half compared with the same period last year, with
seamless shipments falling 1.2 percent to 1.24 million tonnes
and welded shipments up 5.9 percent to 896,000 tonnes in the