20
Nov
11:21
TMK's revenue declines on weaker demand, prices
Pipemaker TMK expects pipe consumption in Russia to remain stable in the fourth quarter of 2019. Increasing complexity of geological conditions in oil and gas exploration, meanwhile, will continue to drive demand for high-tech products.
The North American pipe market situation is likely to remain challenging, however, due to oil, gas and steel price volatility, slower drilling activity and end-of-year focus on capital discipline. These factors are all contributi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous