17
Nov
21:02
TMK Americas expects strong fourth quarter
Russian tube maker TMK expects its American division to power through year-end despite a flattening of the North American rig count, Kallanish learns from the company’s third quarter earnings review.
TMK’s American division saw earnings before interest, taxes, depreciation and amortisation rise 98% from Q3 2016 to $42 million, while revenue rose 24% to $288m.
US OCTG prices have been languishing in recent weeks due to oversupply, Kallanish notes, …
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Anonymous
Very good overview of the weekly steel market.
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