16
Aug
16:39
TMK foresees Russia profitability increase, European pricing pressure
TMK expects Ebitda at the Russian division to increase in 2019, supported by a growth in pipe shipments, while the European division could be hampered by pricing pressure and a seasonal third-quarter slowdown.
TMK nevertheless expects to see sustained European demand for seamless industrial pipe in 2019, with the sales mix for the European division comprising a higher share of high value-added products.
In the second quarter TMK’s consolidated revenue r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous