20
May
13:53
TMK expects stable Russian, European demand in 2019
Russian pipemaker TMK’s lower shipments in the first quarter did not affect the company's gross profit, but revenue slipped -1% on-year to $1.26 billion, the company tells Kallanish.
The group generated gross profit of $235 million, up 6% on-year, with the Russian division sales increase compensating for weaker US sales. Total sales slipped -1% on-year to 977,000 tonnes. Versus Q4 2018 the drop was -3%. The resulting Ebitda in Q1 was 9% up on…
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Anonymous
Very good overview of the weekly steel market.
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