In April-June, Interpipe increased EBITDA by 75% QoQ, to $71 million. Revenue grew by 29%, to $260 million, and the capital investments – by 20%, to $14 million. In H1, revenue dropped by 2% YoY, to $460 million. EBITDA decreased by 25%, to $111 million. Capital investments tripled, to $21 million. (Ukrainian metal)
In January-July, Interpipe increased wheelset output by 39.3% YoY, to 13.2 thousand tons. In July, the company produced 2 thousand tons of wheelsets, up by 10.1% MoM. Railroad products manufacture grew by 10.4% in July, to 15.5 thousand tons, including wheels by 9.3%, to 12.9 thousand tons, axles – by 1%, to 0.4 thousand tons,…
In January-July, Interpipe increased pipe output by 18.5% YoY, to 317.1 thousand tons. In July, the company produced 55 thousand tons of pipes, down by 1.3% MoM. In 7 months, manufacture of seamless pipes went up by 29.2%, to 288.3 thousand tons, with OCTG up by 99.3%, to 95.2 thousand tons, linear pipes – by…
Ukrzaliznytsia (Ukrainian Railways) has concluded an agreement with Interpipe NTZ on the delivery of solid wheels valued at 313.68 million UAH. The cost of one wheel is 30,726 UAH ($1146). UZ has to receive 11209 wheels. The wheels must be produced not earlier than January. (Ukrainian metal)
Interpipe is forced to leave the US pipes market with the introduction of new limitations on exports. In the past several months, USA has announced a new 23.75% duty on Ukrainian linear pipes and an intention to slap a 30.19% duty on OCTG pipes in addition to the 25% customs duty already in force. Thus,…
In January-July, Interpipe Steel increased steel output by 19.9% YoY, to 537 thousand tons. In July, the company produced 79 thousand tons of steel and in June – 90.5 thousand tons. Last year, output grew by 11.2%, to 758.7 thousand tons. (Ukrainian metal)
Interpipe has almost left the Ukrainian market of welded pipes for construction because of a considerable fluctuation of prices for strips in January-June. “In spring, prices for flat rolled metal reached $50-60. It was difficult to shape price for end customers, so we decided not to take risks and tried to sell products mostly from…
Interpipe intends to increase its pipe heat treatment capacities 2.5-3-fold having constructed a new treatment unit at Interpipe Niko Tube. “Global pipe buyers switch to premium and high-strength products. To improve pipe quality, it must be heat-treated. At present Interpipe heat treatment capacities are limited. Thus, we have started a new investment project to construct…