The Pipe Metallurgical Company, one of the world's leading producers of pipes for the oil and gas sector, is selling non-core assets to reduce debt.
TMK announced that it had sold its scrap metal recycling subsidiary TMK CHERMET for RUB 6.2 billion, which is about US $ 104.75 million.
TMK notes that the purchase and sale transactions will not affect the vertical supply chain and will continue to supply scrap metal in a competitive market.
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18:00 17:00 Thyssenkrupp is considering the possibility of a phased sale of the Indian metallurgical enterprise Jindal 16:00 IDDMIB: Turkish ferrous and non-ferrous metallurgy enters 2026 with optimism 16:00 Zanaga Iron Ore is positioning a project to supply premium DRI pellets for the production of environmentally friendly steel 15:00 Vietnamese company Hoa Phat achieves record construction steel sales in December 2025 15:00 BMI raises its forecast for coking coal prices in 2026 to $190 per ton amid strong import demand in India and China 14:00 The value of exports of steel products from France in January-October 2025 decreased by 3.5 percent 14:00 The cost of steel imports to France decreased by 10.5 percent in January-October 2025
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