Interpipe intends to master the manufacture of new types of products for heavy machine-building, cargo vehicle suspension systems and oil machine-building. “Sooner or later the market will revive, and we must be ready to present new products”, the company machine-building pipes sales director Marina Lugovskaya reported. Interpipe is expanding the production of large precision cold-drawn…
In January-September, Interpipe transferred almost 2 billion UAH to the budgets of all levels. “Despite the economical crisis, coronavirus pandemic and growing electricity prices, in 2020 every ton of steel produced by us brought 3400 UAH to budgets of all levels”, the company reported. According to Interpipe, all its billets are processed in Ukraine and…
The Interdepartmental Commission on International Trade has made a right decision to impose duties on poor-quality Chinese pipes, Interpipe CFO Denis Morozov has said. “What is important is that the duty applies not to all Chinese, but to “bad” only. The companies that operate not according to the standard and without certificates. They used to…
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…
In January-August, Interpipe decreased railroad products output by 2.9% YoY, to 130 thousand tons. Steel output dropped by 20.5%, to 514 thousand tons, and pipes – by 29.8%, to 308.3 thousand tons. In August, the company produced 64.2 thousand tons of steel, 14.1 thousand tons of railroad products and 40.7 thousand tons of pipes. Sales…
Interpipe notes a large drop in scrap procurement in Ukraine together with the growth of the bad quality scrap. “Scrap procurement in Ukraine has decreased because of the pandemic leading to a drop of steel output. There is some scrap shortage, but the losses are minimal”, Interpipe CFO Denis Morozov has said. According to him,…
Interpipe has increased pipe sales in the Near East countries. “We have victories at that market. We have made first deliveries to ADCO, UAE. It’s one of the largest Near East companies extracting gas and oil”, Interpipe CFO Denis Morozov has said. Moreover, the company also supplies pipes to Turkish Petroleum. “Recently, a new large…
Interpipe Nizhnedneprovsk Pipe-rolling Works has finished repairs of annular furnaces at two rolling mills at two shops, having invested over 11 million UAH in the project. The repairs lasted for two months and were completed ahead of schedule. Interpipe NTZ produces longitudinal welded pipes with the diameter of 152 to 530 mm. Its capacities exceed…