02
Mar
16:21
Group-wide improvement boosts TMK revenue, but Ebidta down
TMK saw consolidated revenue rise 6% on-quarter in the fourth quarter of 2017 to $1.2 billion. This was thanks to improved European division performance, increased American division sales and stronger Russian seamless OCTG and linepipe consumption. However, adjusted Ebitda fell -5% to $160 million due to costlier raw materials and lower Russian welded pipe sales.
Revenue in full-year 2017 surged 32% on-year to $4.39 billion, supported by strong sales and improve…
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Anonymous
Very good overview of the weekly steel market.
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