23
Aug
13:46
Chelpipe ramps up profit on large-diameter pipe sales
Russian pipe producer Chelpipe's net profit almost tripled in the first half of 2018 as sales of large-diameter pipe (LDP) increased considerably in the reporting period, the company says Kallanish.
Chelpipe's H1 net profit reached RUB 5.62 billion ($82.51 million), 168% more on-year, while Ebitda margin increased to 17.1% compared to 15.2% a year earlier. The company attributes the increase to higher sales volumes of LDP, which increased by 26% on-…
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Anonymous
Very good overview of the weekly steel market.
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