Russian pipe major TMK says the outlook is more cheerful going forward though domestic consumption in Q1 fell by 25% year-on-year, dragging its domestic division shipments down by 9.7% to 729,000t. “This was driven primarily by a substantial, although a predicted, dip in demand for LDP [large-diameter pipes] caused by the completion of numerous major pipeline projects and the postponement of new projects by consumers."
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