In April-June Seversk Pipe Works received 94.3 million rubles of net losses, up from 42.2 million rubles of losses in Q1. The consolidated losses of STZ in H1 exceed 136.4 million rubles. In H1 2016 the company received 1.23 billion rubles of net profits. In Q2 the company sold 10.14 billion rubles worth of products,…
The pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…
The Seversk Pipe Works, a part of TMK, has put into operation the steel arc furnace waste-heat utilization machine. The machine is used to utilize the waste heat, emerging in the arc furnace during cooling. The new machine allows the works to put around 5 gKal of heat per hour to good use – supplying…
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…
