TMK to Increase Prices for Tubular Products of its Russian Division from 1 March

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces a 5% increase in selling prices for the entire range of tubular products offered by its Russian division from 1 March 2017. The price increase will apply to all consumer categories. The key driver behind the announced price increase is a substantial growth of material costs and other operating cost items in the second half of 2016, affecting the Company’s overall production costs.

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