Interpipe reports the shortage of employees in the pipe and wheel manufacture, with the combined need at 600 people. “We already see financial losses due to the absence of the employees. We cannot make the full shift at our plant in Nikolayev. I estimate the losses because of the lack of employees at 5 thousand…
Interpipe notes the minimal shortage of scrap in winter on the local market, but forecasts the worsening of the situation in spring. “The market will still feel shortage. The seasonal growth of steel manufacture will start in April, winter stocks of scrap will run low, and the shortage of the raw material will be felt”,…
The Individual Deposits Guarantee Fund has sold 94.6 thousand shares of Interpipe Nizhnedneprovsk Pipe-rolling Works for 32.9 thousand UAH. The Ukrainian Stock Exchange played a host to the auction of assets of Bank Forum. As the result, Interpipe NTZ shares in the amount of 94622 were sold for 32.877 thousand UAH. (Ukrainian metal)
In 2017 Interpipe paid 1.89 billion UAH to the budgets of all levels. According to the company statement, the volume increased by 32% YoY. In particular, the state budget received some 950 million UAH, and local budgets – around 640 million UAH. “Each ton of our products brings 2464 UAH to the budget”, the company…
In January Interpipe Steel produced 75 thousand tons of steel, up by 25% YoY, In December 2017 steel output totaled 76 thousand tons and in November – 78 thousand tons. Round billets manufacture last year increased by 38% YoY, to 850 thousand tons. Almost all steel was sold to the group own works, with just…
The Antimonopoly Committee of Ukraine has approved of the creation of the Interpipe and Vallourec (France) joint venture. The committee has also granted Vallourec a right to acquire some assets of Interpipe Limited to allow it selling and promoting seamless pipes in EU. In November 2017 the Antimonopoly Service of Germany allowed Interpipe to create…
In 2017 Interpipe increased sales by 35% YoY, to 767 thousand tons. According to the company statement, this is the best result in 3 years. In particular, pipe deliveries to the Ukrainian market grew by 29%, to 148 thousand tons, mostly because of the gas output increase. Combined sales in the Americas totaled 90 thousand…
In 2017 the state company Ukrzaliznytsia supplied 48.5 thousand tons of metal scrap to Interpipe. “Ukrzaliznytsia’s entering the scrap market was a very important and long-awaited move. They sold 157.2 thousand tons of ferrous metals scrap, and we bought 48.5 thousand tons from them”, Interpipe CFO Denis Morozov said. According to him, those companies that…
