Russia: UralKuz confirms right to sell to aircraft manufacturers

Uralskaya Kuznitsa has confirmed the correspondence of its certificate to produce materials to be used in aviation industry. The inspection has been carried out by the Aviaregistry of the Interstate aviation committee (AR MAK) and the State regional center of standartization, metrology and certification. The inspectors have checked the quality management system, manufacturing processes and…

Russia: LDP demand falling

TMK and ChTPZ, accounting for some 45% of Russian large diameter pipes manufacture, decreased local sales because of Gazprom lowering its purchases. In H1 TMK increased earnings by 11% YoY, to $1.54 billion, yet the seamless pipes increase was chiefly countered by the considerable drop in revenue from the sales of welded pipes. In particular,…