SMM: Russian steel pipe manufacturer TMG Zhou said that steel pipe shipments in the second quarter of this year were 666000 tons, down 8% from 727000 tons in the first quarter.
Shipments of large-diameter pipes decreased month-on-month, down 42% in the second quarter compared with the previous quarter. The company said this was mainly due to a decline in demand due to a difficult macroeconomic environment.
Steel pipe shipments in the first half of this year were 1.39 million tons, down 13% from the same period last year.
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