Nord Stream 2 to be filled with European steel.

Russian pipe manufacturers will share the margin with foreigners.

Russian pipe manufacturers, who won 60% of the lots for the supply of pipes for the Nord Stream 2, will have to share the profits with European steelmakers. OMK of Anatoliy Sedykh has already signed a major contract for the purchase of steel for the project from the Austrian Voestalpine (up to 40% of the volume), ChTPZ of Andrey Komarov also prepares to buy imported steel. Sources "The Kommersant" calls it part of a tacit agreement, but the pipe manufacturers claim that they only diversify supply risks.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer