18
May
17:20
TMK foresees easing margin pressure, hikes first-quarter sales
TMK expects margin pressure stemming from higher raw materials prices to ease in the second half of 2018. Russian OCTG demand should remain strong this year, expect for large diameter pipe (LDP). European segment performance will improve on-year thanks to TMK-Artrom’s new heat treatment unit.
The Russian pipemaker saw higher domestic LDP and welded industrial pipe demand in the first quarter partially offset by weaker OCTG consumption. The latter was a res…
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Anonymous
Very good overview of the weekly steel market.
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