European pipe market undermined by Ukraine crisis: TMK

摘要

Russian pipe making group TMK saw the European pipe market negatively affected by the Ukrainian crisis,last year, particularly in the fourth quarter, the company said in it latest quarterly report.The crisis resulted in many European pipe exporters switching from Russia to the European market. Inaddition, pipe mills in Ukraine raised shipments to the EU due to a significant drop in the domestic market,TMK observed.