Wednesday, September 19, 2018

TMK to raise prices for stainless steel pipes in August

TMK-INOX, a joint venture between TMK and state-owned Rusnano, reported that it will raise its August prices for welded stainless steel pipes.

Prices for the month of August will increase by five percent due to the rising costs of steel raw materials, including cold-rolled and hot-rolled coils, which are used in the manufacturing of stainless steel pipes.

The increase in price is being conducted according to DIN EN 10217, DIN 11850 and GOST 11068, which apply to newly-conducted contracts.

TMK-INOX was created in 2010 and produces the majority of its products in Sinarsk Pipe Plant's shop No. 3.