OREANDA-NEWS. In 2006, TMK managed to secure higher prices for its products against aggregated world prices.

According to the press service of the company, TMK’s prices for OCTG increased by between 15-20% during 2006, substantially ahead of the world price trend.

Seamless line pipe prices grew by about 20% in the Russian market, and prices for industrial seamless pipes grew by between 15-20%.

Growth in electric resistance welded (ERW) average and small diameter industrial pipe prices, which was a reflection of the growth of investment into infrastructure projects and of the construction boom in Russia, increased by between 25-30% during the year.

Despite some decrease in the overall profitability shown in the EBITDA, which was the result of an increased percentage of these pipes in the total shipment volumes, absolute EBITDA for these pipes rose, which contributed to the absolute growth of the EBITDA as a whole.