TMK expanded its share in the Russian market

Seamless pipe shipments were up 4.7% to 961 thousand tonnes.

OCTG shipments grew by 9.1%, as drilling activity continued to rise in Russia.

In 1H 2016, TMK shipped 536 thousand tonnes of welded pipe, down 11.1% y-o-y. Welded line pipe shipments fell by 10.9%. LDP shipments decreased by 19.8%, due to lower volumes of pipe purchased for trunk pipeline projects in 2016 compared to record-high sales in 1H 2015. At the same time, TMK’s share on the Russian LDP market was up year-on-year.