Interpipe intends to take part in the second auction of large scrap batches sales by Ukrzaliznytsia. But it does not have the task to win at any cost, the company CFO Denis Morozov said. “We plan to apply for participation, but we don’t have the goal to win. Our goal is for the Ukrainian scrap…
After Ukrgazdobycha attracted world operators of deep drilling the Ukrainian market of steel pipes for oil-and-gas extraction will see a sharp increase of demand. “Until then there will be no increase of demand on the local market”, Interpipe chief finance and economy officer Denis Morozov said. At the same time Ukrgazdobycha increased oil-and-gas pipes purchases.…
In April Ukraine saw a surplus of scrap because of the drop in steel manufacture, but summer will bring the scrap shortage back. “A lot of things happened in April. First of all, the shut down of capacities on the uncontrolled territories, resulting in the scrap offer surplus, while in the first quarter there was…
In 2016 Interpipe Nizhnedneprovsk Pipe Works decreased net income by 11.6% YoY, to 5052.242 million UAH. The works net losses increased by 40.3%, to 1136.428 million UAH. Last year Interpipe NTZ produced 100.993 thousand tons of seamless pipes (96.994 thousand tons in 2015), 43.297 thousand tons of casing pipes (57.072 thousand tons), as well as…
In January-March Interpipe Steel produced 181 thousand tons of steel, up by 23.1% YoY. According to the company statement, in March the works produced 65 thousand tons of steel against 55 thousand in February. In 2016 Interpipe Steel increased steel output by 2% YoY, to 614 thousand tons. (Ukrainian metal)
The state gas-extracting company Ukrgazdobycha has agreed with Interpipe on the delivery of 12597 tons of casing pipes for 720.487 million UAH. The company will supply 880 tons of 508 mm casing pipes valued at 94.977 million UAH, 7886 tons of 632-80 casing pipes for 386.5 million UAH, 3505 tons of Premium class casing pipes…
In 2016 Interpipe paid 1.426 billion UAH to the budgets of all levels. According to the company statement, this is 36% more than in 2015 (1.045 billion UAH). In particular, Interpipe paid 768 million UAH to the state budget (53.9% of all payments), 427 million UAH (30%) to the local budgets of Dnipro, Nikopol, Novomoskovsk…
In 2016 Interpipe Dniepropetrovsk vtormet received 126.626 million UAH of profits. According to the company statement, the price of its assets at the end of 2016 reached 991.338 million UAH, current liabilities – 807.314 million UAH and accounts receivable – 650.05 million UAH. In 2015 the company decreased its losses by 19% YoY, or by…