OCTG demand boosts TMK Ipsco results

Aug 26, 2014 | 04:37 PM | Thorsten Schier

Tags  TMK Ipsco, OAO TMK, earnings, oil country tubular goods, OCTG, Thorsten Schier

NEW YORK — TMK Ipsco, the domestic subsidiary of Russia’s 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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