13
Aug
13:19
Rising costs, interest expenses impact TMK's H1 earnings
Russian pipemaker TMK faced challenging conditions in its domestic market in the first half of 2024, including reduced demand for certain pipe products and rising production costs due to increased raw material prices, Kallanish notes from the company’s H1 results.
Despite these challenges, the firm managed to increase total sales volume of tubular products by 4.9% on-year to 2.215 million tonnes, with seamless pipes accounting for 1.646mt and welded pipe for…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous