It is reported that in October the Ukrainian pipe making industry demonstrated a 9.6% MoM decline rate. The underperformers were Khartszysk Pipe Works, Lugansk Tube Plant and Interpipe Niko-Tube with 25.0%, 13.6% and 36% MoM drop in output respectively.
According to a Millennium Capital analyst “The news is neutral for pipes. Unexpectedly, this month Khartszysk Pipe Works has demonstrated a 25.0% MoM decline in output after a consecutive double digit growth in the previous three months. Despite the negative effect of the October temporary downturn, the works should display further growth to catch up with recent contracts with Russian Transneft. Interpipe plants on the average maintained the previous month’s production levels”. (Millennium Capital)
Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/
