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Vallourec secures major OCTG contract from Petrobras

Brazil Brazil

Vallourec, a global leader in premium seamless tubular solutions, has secured a major contract with Petrobras following a competitive bidding process. The long-term deal, running from 2026 to 2029, could generate up to…

Welded pipe exports fall in H1

Turkey Turkey

Turkey exported 978,600 tons of welded steel pipes in the first half of 2025, down 6pct YoY, according to Turkish Statistical Institute (TUIK) data. Romania was the top destination with 195,000 tons, followed by the UK…

Erciyas Celik Boru swings to loss in H1 2025

Turkey Turkey

Turkish pipe producer Erciyas Celik Boru slipped into the red in the first half of 2025, posting a net loss of TRY 93.1 mln, compared with a profit of TRY 30.6 mln in the same period last year, the company said in a…

IIL's profit drops sharply in FY25

Pakistan Pakistan

Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a steep decline in earnings for the fiscal year ended June 30, 2025. Net profit fell nearly 59pct YoY to PKR 1.58 bln (USD 5.5 mln)…

Group Five Pipe's profit surges in H1 2025

Saudi Arabia Saudi Arabia

Saudi Arabia's Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed. Net profit jumped to SAR 125 mln (USD 33.2 mln), compared with SAR 9.2 mln in the same period…

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