Operating results

The total volume of pipe shipped by TMK in 6 months. In 2020, TMK shipped 1 393 thousand tonnes of pipes, down 13% year-on-year. Seamless pipe shipments decreased by 8% to 1 038 thousand tonnes and welded pipes by 26% to 355 thousand tonnes. Operating results are presented without the results of the American Division, the sale of which was closed on 2 January 2020. The decrease in volumes was caused by the difficult macroeconomic situation in the world, which put pressure on demand for pipe products.