29
Aug
15:33
TMK increases revenue, focuses on Russian market
Russian pipemaker TMK will focus on the domestic pipe market due to sanctions against Moscow after it invaded Ukraine.
The enterprise’s revenue in the first half of the year rose 42% on-year to RUB 300.8 billion ($4.95 billion), Kallanish notes. Adjusted Ebitda grew 64% to RUB 52.6 billion.
TMK clocked gross profit of RUB 68.9 billion in H1, up by 52% on-year.
Sales of pipe products in H1 amounted almost to 2.4 million tonnes, of seamless pipe amounted to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous