29
Feb
12:43
TMK decreases revenue, Russian market priority amid sanctions
Russian pipemaker TMK says it will continue to focus on its priority, domestic market, and is not expecting Western sanctions to have a significant impact on operations.
The firm’s revenue in 2023 fell 13% on-year to RUB 544.27 billion ($6 billion). This was amid the reorganisation of some Volzhskaya Pipe Plant and Chelpipe assets for large-diameter pipe (LDP) production and their merger with TMK Pipeline Solutions, as well as the European division sale in 2…
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Anonymous
Very good overview of the weekly steel market.
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