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OMK pipe shipments drop 38% in January–February 2026

Russia’s United Metallurgical Company (OMK) reported a sharp decline in pipe shipments during the first two months of 2026, reflecting weaker demand dynamics compared to the previous year.

OMK pipe shipments drop 38% in January–February 2026

According to data from Russian Railways (RZD), OMK’s steel pipe shipments totaled 57,000 tonnes in February 2026, marking a 14% decrease month-on-month and a 36% drop year-on-year.

Cumulative shipments for January–February 2026 reached 123,000 tonnes, down 38% compared to the same period last year, based on data from Metals & Mining Intelligence.

The primary consumers of OMK’s pipe products in February were major players in Russia’s oil and gas sector, including Gazprom, Gazprom Neft, Surgutneftegas, and Lukoil, underscoring the sector’s continued importance for domestic pipe demand.

Regionally, consumption remained concentrated in key energy-producing areas. The Khanty-Mansi Autonomous Okrug (KhMAO), Yamalo-Nenets Autonomous Okrug (YNAO), Irkutsk and Tyumen regions, along with Moscow, accounted for 82% of OMK’s total shipments.

Export volumes also saw a significant contraction. In the first two months of 2026, OMK exported just 440 tonnes of pipe products, compared to 2,200 tonnes in the same period a year earlier. Kazakhstan remained the primary export destination, while Uzbekistan had also been among the leading markets in the previous year.

The decline in shipments highlights ongoing pressures in Russia’s pipe market, particularly amid fluctuating demand from the energy sector and constrained export activity.

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