Interfax reported that the ChTPZ Group saw pipe shipments plummet 34%YoY in January to October to 921,800 tonnes.

The Group's Chelyabinsk Pipe Rolling Plant sold 467,700 tonnes of pipe including 292,100 tonnes of large diameter pipes and its Pervouralsk Novotrubny Pipe Works from the Sverdlovsk region sold 454,100 tonnes.

ChTPZ Group unites companies specializing in the ferrous metallurgy sector. It consists of the Chelyabinsk and Pervouralsk pipe mills as well as ChTPZ-Meta a company specializing in scrap metal collection and processing, metal trading company Uraltrubostal Trading House, Chelyabinsk Zinc Plant and oil industry services provider Rimera. Arkley Capital Sarl, Luxembourg, manages ChTPZ Group's assets.

(Sourced from Interfax)