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08 Mar
11:44

TMK earnings decline, expects pipe demand growth

Pipemaker TMK expects pipe consumption to remain stable in 2021. The easing of the Covid-19 pandemic impact on the global economy and the recovery of business activity will contribute to an increase in demand for all types of steel pipe, it says. The group foresees demand for OCTG pipe from Russian oil and gas companies remaining stable. This will be supported by the continued development of existing and new projects, as well as the increased complexity of hydroca…
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