Chelyabinsk Tube Rolling Plant’s revenues rise 60.5%

In the year 2010, the plant’s profits coming in from pipe and scrap metal sales rose to 73,517m RUR, which was 60.5% better than in the year 2009; this increase in profits was mainly brought about be the increased large-diameter pipe, OCTG and seamless pipe sales; furthermore, LDP prices rose last year as well.

The increase in the price of LDPs, OCTG, and seamless and welded industrial pipes came to 36%, 5%, 21%, and 28%, respectively, in comparison with the shipping prices of 2009. The sale prices rose because the raw materials grew more expensive and because the plant’s order portfolio came to look better.