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Trade case shouldn’t affect imports, TMK says

Keywords: Tags  TMK, OCTG, oil country tubular goods, quarterly results, Thorsten Schier

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 nine countries.

"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 (, July 2).

While import volumes aren’t 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 Ipsco’s financial results in the first half of 2013, will be gradually improving in 2013 by year-end," the company said.

Shipments in the company’s 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 added.

TMK’s total 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 same comparisons.

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