EU may cut import duty for Interpipe

According to the European Commission documents, the European Union may lower import duties for Interpipe, the Ukrainian maker of pipes, for the second time since July.The European Commission passed a draft resolution to the EU Council that envisaged cutting the duty to 13.8% from 17.7%. The tax was decreased to 17.7% from 25.1% last month.…

Interpipe to shutdown Interpipe Nizhnedneprovsk Pipe open-hearth furnace

Interpipe, one of the leading steel pipe producers in Eastern and Central Europe, plans to close Interpipe Nizhnedneprovsk Pipe open-hearth furnace capacities in Q4 2012 while its output will be fully indemnified with Dneprostal electric furnace steel production.Project capacity for Dneprostal in 2012 is estimated at 700,000 tons of assembled steel, while Interpipe Nizhnedneprovsk Pipe…