Trubnaya Metallurgicheskaya Kompaniya traded at 101.12 this Friday March 6th, decreasing 1.52 or 1.48 percent since the previous trading session. Looking back, over the last four weeks, TMK lost 1.63 percent. Over the last 12 months, its price fell by 22.84 percent. Looking ahead, we forecast Trubnaya Metallurgicheskaya Kompaniya to be priced at 97.46 by the end of this quarter and at 87.25 in one year, according to Trading Economics global macro models projections and analysts expectations.
Trubnaya Metallurgicheskaya Kompaniya PAO (TMK PAO or Pipe Metallurgical Company PJSC), formerly Trubnaya Metallurgicheskaya Kompaniya OAO, is a Russia-based company, which is engaged in the production and distribution of seamless and welded pipes for the oil and gas industry and for general use. The Company’s product lines include drill pipe, oil country tubular goods (OCTG), line pipe, boiler tube, mechanical pipe and structural pipe made of carbon, alloy and stainless steel. It also focuses on the provision of consulting service to enterprises involved in the pipeline industry, located domestically, as well as abroad. TMK PAO also operates on steel scrap market through its wholly owned subsidiary ChermetServis-Snabzhenie. The Company operates through a number of subsidiaries and branches, located in the Russian Federation and in Germany, Switzerland, the United States of America and Kazakhstan.