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MOSCOW. June 14 (Interfax) - The Pipe Metallurgical Company (TMK) together with Evraz Group had closed the deal of buying IPSCO pipe plants from SSAB Svenskt Stal AB. A TMK press release says that company bought 100% in IPSCO Tubulars Inc.
Word of the Day
- A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.