23
Nov
00:00
MMK agrees pricing formula for plate supplies to TMK
Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has signed an agreement with TMK to apply a formula when calculating the price of wide hot rolled plate it ships to the pipe producer. The agreement applies to products shipped to the end of 2015. MMK is one of TMK’s main feedstock suppliers.
MMK is expected to ship plate to TMK's Volzhsky Pipe Plant, for the production of large diameter pipes (LDP) intended for Gazprom’s major Russia…
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