pipes - Latest news GMK Center

Demand for tubular products falls due to reduced investment in oil production

Sluggish demand did not allow producers to compensate for increased costs

Shipments of seamless pipes fell by 4% y/y and welded pipes – by 11% y/y

The agreement, signed in November 2024, is pending approval by the Romanian authorities

About 900 tons of pipes have already been delivered to energy infrastructure facilities across the country

The company is actively expanding in the Saudi Arabian market

The company is studying the European market, where there are many niches and unique customer requests

In 2025, a moderate recovery of the production activity of the industry is expected – by 0.8% y/y

The company signed a contract with a large electricity supplier in Romania

By developing the range of products, Interpipe Nico Tube is trying to achieve pre-war production indicators

In the second quarter, pipe sales fell by 11.3% y/y

The customer is Harlsen Industries, a manufacturer of premium drilling equipment