DGAP-News
TMK Announces 9M 2014 Operational Results - Seite 3
increase of 17.9% quarter-on-quarter.
In the nine months of 2014, shipments of seamless OCTG pipe were up 19.9%
to 313 thousand tonnes, driven by the ongoing rise in drilling activity and
development of unconventional hydrocarbon reserves in North America. In 3Q
2014, shipments of this pipe were up 16.7% quarter-on-quarter, reaching 115
thousand tonnes.
In the nine months of 2014, shipments of seamless line pipe were down 33.9%
to 26 thousand tonnes. In 3Q 2014, the division shipped 8 thousand tonnes
of this pipe, up 2.5% quarter-on-quarter. These changes in demand are
typically inherent in the field development cycle.
The division's shipments of seamless industrial pipe increased by 73.8% to
66 thousand tonnes in the nine months of 2014, driven by a rise in demand
from regional and industrial markets. In 3Q 2014, 25 thousand tonnes of
seamless industrial pipe were shipped, up 30.7% quarter-on-quarter.
In the nine months of 2014, shipments of welded pipe were down 2.8% to 496
thousand tonnes. In 3Q 2014, shipments of welded pipe amounted to 160
thousand tonnes, down 4.8% quarter-on-quarter.
In January-September of 2014, the division's shipments of welded OCTG pipe
rose 4.1% to 339 thousand tonnes, while dropping 4.4% quarter-on-quarter to
110 thousand tonnes in 3Q 2014, as planned reductions in the production of
low margin items prior to the U.S. OCTG trade case decision took effect in
3Q 2014 deliveries.
Welded line pipe shipments in the nine months of 2014 fell by 2.8%
year-on-year to 73 thousand tonnes and rose by 7.6% quarter-on-quarter to
26 thousand tonnes.
In the nine months of 2014, welded industrial pipe shipments were down
23.4% to 84 thousand tonnes. In 3Q 2014, shipments of this pipe amounted to
24 thousand tonnes, down 16.2% quarter-on-quarter. These reductions were
the results of the division's continued efforts to shift production from
low margin products to more complex, higher value-added products.
(2) This includes products manufactured by TMK's Russian and Romanian
facilities and sold on the North American market.
European Division
The European pipe market continues its gradual recovery after a lasting
stagnation. However, the growth in demand for seamless industrial pipe, the
division's core product, remains limited.
The division shipped 115 thousand tonnes of seamless pipe in the nine
months of 2014, up 2% year-on-year. In 3Q 2014, the division's shipments
were down 20.4% quarter-on-quarter to 33 thousand tonnes due to a
traditional summer slowdown in business activity in Europe.
66 thousand tonnes in the nine months of 2014, driven by a rise in demand
from regional and industrial markets. In 3Q 2014, 25 thousand tonnes of
seamless industrial pipe were shipped, up 30.7% quarter-on-quarter.
In the nine months of 2014, shipments of welded pipe were down 2.8% to 496
thousand tonnes. In 3Q 2014, shipments of welded pipe amounted to 160
thousand tonnes, down 4.8% quarter-on-quarter.
In January-September of 2014, the division's shipments of welded OCTG pipe
rose 4.1% to 339 thousand tonnes, while dropping 4.4% quarter-on-quarter to
110 thousand tonnes in 3Q 2014, as planned reductions in the production of
low margin items prior to the U.S. OCTG trade case decision took effect in
3Q 2014 deliveries.
Welded line pipe shipments in the nine months of 2014 fell by 2.8%
year-on-year to 73 thousand tonnes and rose by 7.6% quarter-on-quarter to
26 thousand tonnes.
In the nine months of 2014, welded industrial pipe shipments were down
23.4% to 84 thousand tonnes. In 3Q 2014, shipments of this pipe amounted to
24 thousand tonnes, down 16.2% quarter-on-quarter. These reductions were
the results of the division's continued efforts to shift production from
low margin products to more complex, higher value-added products.
(2) This includes products manufactured by TMK's Russian and Romanian
facilities and sold on the North American market.
European Division
The European pipe market continues its gradual recovery after a lasting
stagnation. However, the growth in demand for seamless industrial pipe, the
division's core product, remains limited.
The division shipped 115 thousand tonnes of seamless pipe in the nine
months of 2014, up 2% year-on-year. In 3Q 2014, the division's shipments
were down 20.4% quarter-on-quarter to 33 thousand tonnes due to a
traditional summer slowdown in business activity in Europe.
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