It is reported that in September the Ukrainian pipe making industry demonstrated a 12.7% growth rate. For the third month in a row, KhPW is demonstrating double digit pipe output growth, this time with a 52.2% MoM growth, nevertheless trailing last year January to September performance by 59.7% YoY.
Interpipe NVTR production has doubled decline rate to 10.2% MoM, while NITR has grown 7.7% MoM. The rest of the industry has shown a 6.9% MoM increase in their output.
According to a Millennium Capital analyst “The news is positive for pipes. The growth leader KhPW once again doubled the production, this time on the back of the contract with Russian Transneftegaz. However, KhPW still remains largely underutilized, with a 59.7% decrease in the nine-month output as compared to the 2009 results. Interpipe’s NVTR and NITR maintained status quo without new major orders.” (Millennium Capital)
Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/