In January-June, Interpipe EBITDA dropped to -$5 million, while revenue decreased by 26% YoY, to $236 million.
Interpipe had to adapt its production to new reality affected by the pandemic and low oil prices.
The return of the 34.22% antidumping duty on Ukrainian railroad wheel in the EAEU also affected sales.
In Ukraine, railroad products sales decreased because of the drop in car manufacture.
In H1, Interpipe revenue dropped by 16% YoY, to $468 million. (Ukrainian metal)