In Q3 Seversk Pipe Works, a part of TMK, received 395.9 million rubles of net losses. The previous two quarters were profitable for the company. In particular, in Q2 it received 839 million rubles of profits.
Q3 revenues dropped by 24% QoQ, to 7.56 billion rubles, with sales profits at 73.4 million rubles, down from 1 billion in Q2.
In January-September STZ received 26.51 billion rubles of revenue, up by 5% YoY. (Ukrainian metal)