TMK, the largest oil and gas pipe producer in Russia, said that the company will increase its pipe product price by another 10 to 15 percent in the second half of 2010.

TMK IPSCO, TMK's subsidiary company in United States, has increased its ERW and seamless pipe price by US$100/ton since June 1st.

The company said the strong market demand, the raising raw material cost and the shortage supply in global steel pipe market will send the pipe price to keep going up.