OCTG demand boosts TMK Ipsco results
Aug 26, 2014 | 04:37 PM
| Thorsten Schier
NEW YORK TMK Ipsco, the domestic subsidiary of Russias OAO TMK, saw improved financial results in the second quarter and first half of 2014 due to higher shipments of seamless pipe.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) grew "as a result of higher volumes, pricing and a favorable product mix of seamless pipe," TMK said in its second-quarter earnings statement.....
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