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…
Ukrgazdobycha has signed three agreements with Interpipe Niko Tube for the delivery of seamless steel pipes valued at 268.97 million UAH. Average discount amounts to 10% of the expected cost. In two cases the company competed with Naftoservice LLC, Ukrturboisol LLC and Volzhsk Pipe Works (Russia). During the third trade the competitors were ZSP LLC…
In January-June, Interpipe NTZ increased net profit by 54.1% YoY, to 163.58 million UAH. Net income dropped by 23.3%, to 4.18 billion UAH. Undistributed profit amounted to 4.32 billion UAH. In Q1, the company received a net profit of 11.3 million UAH as opposed to a net loss of 255.88 million UAH in Q1 2020.…