pipes - Latest news GMK Center

The new production line is scheduled to reach full capacity in the second quarter of 2029

The projects are scheduled to be completed in the second half of next year

The company is expected to achieve savings of 22 per cent on natural gas and up to 35 per cent on electricity per year

The payment deadlines for certain transactions involving the export of pipes and railway equipment have been extended

Between 2022 and 2025, 131,000 tonnes of pipes were imported into Ukraine from Turkey, with the annual import volume increasing two to threefold

Prices for Turkish welded pipes fell by $5 per tonne over the same period

The project in Sault Ste. Marie will expand OCTG production and create up to 200 jobs

The company attributes the price adjustment to rising costs of raw materials, energy, and logistics

Provided the geopolitical situation stabilizes, the company expects business activity to pick up in the second half of the year

Prices for Turkish welded pipes stabilized over the same period

This acquisition represents a strategic move to expand Tenaris' production capacity and product range

The company plans to start up all three of the plant's rolling mills