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18 Aug
14:30

TMK foresees stronger LDP demand driving sales

TMK expects strengthened large-diameter pipe (LDP) demand in Russia in the third quarter to drive a marginal growth in sales. OCTG demand is also seen remaining strong for the remainder of 2017. The pipemaker anticipates higher Ebitda in the second half of 2017, driven by a significantly improved performance of the American division and stable results at the Russian division. The company reiterates its guidance for fiscal-year 2017 of broadly flat margins year-o…
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