22
May
14:15
TMK warns of demand decline due to Covid-19
Russian pipemaker TMK expects overall demand for the group’s steel products to remain under pressure in second quarter of 2020.
This is affecting both Russia and Europe due to the continued an unfavourable macroeconomic environment caused by the Covid-19 pandemic and oil price volatility, the company says in a report seen by Kallanish.
“In Q1 of 2020 the group demonstrated a weaker quarter-on-quarter performance across the Russian and European divisi…
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Anonymous
Very good overview of the weekly steel market.
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